What is the amount of tariff imposed on a ton of sugar? 

A. $1,000
B. $500
C. $1
D. $50

Answer: A

Economics

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If a firm operates in a perfectly competitive market, then it will most likely

A) advertise its product on television. B) settle for whatever price is offered. C) have a difficult time obtaining information about the market price. D) have an easy time keeping other firms out of the market.

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An economic expansion reflects

a. any movement from disequilibrium to a new equilibrium b. the increase in output and decrease in employment level following a recession c. the increase in output and employment levels following a recession d. the rising wage rates that follow economic instability e. instability in government tax revenues.

Economics