A tariff is a tax imposed by a government on

A) imports. B) exports. C) services. D) luxury items.

A

Economics

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A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent $250,000/month. If the firm produces 1,000,000 units a month, the total fixed costs equal

a. $250,000 b. $50,000 c. $20,500 d. $30,000

Economics

According to the classification in the text, which of the following is not an industrially advanced country (IAC)?

a. United Arab Emirates. b. Israel. c. Greece. d. All of the above are IACs. e. None of the above are IACs.

Economics