Suppose the world price of widgets is $5 each. If a widget-importing country imposed a $2 per widget tariff, what price would that country's consumers pay for widgets?

A) $10
B) $7
C) $5
D) $3
E) A price that is greater than $5 and less than $7

Economics

Governments typically exercise moral judgment in levying excise taxes

Indicate whether the statement is true or false

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Economics

If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is

A) -3%. B) 3%. C) 6.67%. D) 15%.

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Economics