A U.S. tariff on steel would reduce imports and lower the price of U.S. steel products.
Answer the following statement true (T) or false (F)
False
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Industrialization through heavy capital investments required savings by households, businesses and/or government bodies
Indicate whether the statement is true or false
Information asymmetries are defined to be when:
A. one party to a transaction has more information that another. B. information isn't readily available to anyone. C. one party withholds information from the other party. D. both sides to a transaction have equal information.
A completely successful emission charge would
A. Not shift either the private or social MC curve. B. Shift the private MC curve to the same position as the social MC curve. C. Shift the social MC curve to the same position as the private MC curve. D. Shift the private MC curve until the curve intersects with price at zero output and pollution is completely eliminated.
The present value of a sum of money to be received in future is high if ________
A) the money is invested for a long period of time B) the market rate of interest is low C) the rate of inflation is high D) the future payment is low