The imposition of a tariff on a product is least likely to result in a(n):
A. Increase in the efficiency in the domestic industry producing the product
B. Increase in the price of the product
C. Decrease in the quantity of imports
D. Decrease in the real incomes of workers in other industries
A. Increase in the efficiency in the domestic industry producing the product
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Al works as a sales clerk at a department store for a fixed salary of $2,500 per month
He is offered a job as a salesperson at a car dealership in which there is a 50 percent chance that he will make $5,000 a month and a 50 percent chance that he will make only $1,000 a month. The figure above Al's utility of wealth curve: a) What is Al's expected income from the offered job? b) What is Al's expected utility from the offered job? c) Will Al accept the offer? Why or why not? d) What is the minimum fixed salary for which Al will continue to work for the department store and not accept the dealership's offer?
Explain how it would be possible for the equilibrium price and equilibrium quantity to both increase in the market for motorcycles if consumer preference for motorcycles increases and the number of motorcycle manufacturers decreases
What will be an ideal response?
Underwriting spreads on equity issues are much __________ than on debt issues because stock prices are so __________ relative to bond prices
A) smaller; steady B) smaller; volatile C) larger; steady D) larger; volatile
List the factors that influence the supply of loanable funds and the factors that influence the demand for loanable fund.
What will be an ideal response?