The primary benefits derived from tariffs usually accrue to the:

a. domestic consumers of goods protected by the tariffs.
b. foreign producers of goods protected by the tariffs.
c. domestic producers of export goods.
d. domestic suppliers of goods protected by the tariffs.

d

Economics

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Which of the following is a Nobel Prize winning economist who argued that theories should be tested based on the validity of their predictions?

A) Milton Friedman. B) Ben Bernanke. C) Alan Greenspan. D) Larry Summers.

Economics

An example of a market subject to adverse selection would be:

A. the video game market. B. uniform commodity markets like crude oil. C. the used car market. D. the new appliance market.

Economics