Today, the United States charges an average tariff rate
A) which is greater than any other high-income country.
B) that is more than its average tariff rate in 1930.
C) of less than 1.5 percent.
D) that exceeds 50 percent.
C
Economics
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The demand for labor reflects the point that the
A) lower the real wage rate, the greater the quantity of labor demanded. B) higher the real wage rate, the greater the quantity of labor demanded. C) nominal wage rate and not the real wage rate determines the quantity of labor demanded. D) real wage rate does not affect the quantity demanded of labor. E) demand for labor depends on the supply of labor.
Economics
In Table 1, Tony's income elasticity of demand for steaks is
A) 1.0. B) greater than 1.0. C) less than 1.0. D) zero.
Economics