A nation can gain from imposing a tariff on imports if it forces exporting countries
a. to raise their prices to pay the tariff.
b. to lower their prices to avoid stocks of unsold goods.
c. to produce at diseconomies of scale.
d. to accept some imports from the tariff-imposing nation.
b
Economics
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If the annual inflation rate in an economy is positive, the purchasing power of a dollar kept in a bank:
A) will decrease over time. B) will remain the same over time. C) will increase over time. D) can increase or decrease depending on the economic growth rate.
Economics
An indifference curve shows combinations of goods ________
A) which the consumer prefers equally B) that are affordable C) that are inside or on the budget line D) that have the same relative price
Economics