The average level of tariffs on imported products charged by industrialized countries changed between 1946 and 1990
a. from 5 percent to 40 percent.
b. from 40 percent to 5 percent.
c. from 10 percent to 20 percent.
d. from 20 percent to 10 percent.
b. from 40 percent to 5 percent.
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A monopoly produces and sells 300 units of its product for $8 per unit. If the total cost incurred by the monopoly is $1,800, determine its profit or loss
What will be an ideal response?
Homebuilders will often pay the closing costs (title, insurance, etc.) of prospective homebuyers? Explain in terms of supply and demand what homebuilders are trying to do with this practice
What will be an ideal response?
Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and he can use 24 hours per day. What are the maximum total earnings the worker can earn in a day?
A. $292 B. $392 C. $192 D. $492
Which of the following sources of revenue is used to fund government spending?
A. interest B. taxation C. corporate contributions D. political party contributions