The trend in current tariff laws is to
A) raise tariffs on foreign goods.
B) keep tariffs the same.
C) lower tariffs on foreign goods.
D) abolish tariffs all together.
C
Economics
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Other things constant, when households decide to save more, the supply of credit ________ and interest rates ________
A) falls; rise B) falls; fall C) rises; rise D) rises; fall
Economics
Which of the following is characteristics is common to both monopoly and monopolistic competition?
A) Ease of entry into the industry. B) Firms are price setters. C) A relatively large number of sellers. D) Long-run economic profit equals 0.
Economics