Tariffs ________ the domestic price of the good and import quotas ________ the domestic price of the good
A) lower; lower
B) lower; raise
C) raise; lower
D) raise; raise
D
Economics
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Value added equals the market price of the firm's product minus
A) the price of intermediate goods. B) wages and salaries. C) the price of all factors of production. D) depreciation on plant and equipment.
Economics
People respond to incentives
A) by ignoring negative incentives and responding to positive incentives only. B) only when they are irrational. C) as they never intentionally make decisions that would leave them worse off. D) when they have low incomes.
Economics