Who benefits from a tariff on a good?
A) domestic consumers of the good
B) foreign governments
C) domestic producers of the good
D) foreign producers of the good
C
Economics
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When households hold money for unplanned expenditures and emergencies, it is called
A) the speculative demand for money. B) the transactions demand for money. C) the irrational demand for money. D) the precautionary demand for money.
Economics
Under monopsony, the wage rate
A) equals the marginal product of labor. B) equals the marginal revenue product of labor. C) is less than the marginal revenue product of labor. D) is greater than it would be under perfect competition.
Economics