If demand is unit elastic, an increase in price will lead to an increase in total revenue

In 1930, the U.S. government attempted to help domestic firms that were harmed by the Great Depression by

A) passing the North American Free Trade Agreement (NAFTA). B) establishing the General Agreement on Tariffs and Trade (GATT). C) establishing the World Trade Organization (WTO). D) passing the Smoot-Hawley Tariff.

The total costs of federal regulation

A) encompasses only explicit costs of satisfying regulatory demands. B) also includes the explicit costs associated with regulations issued by 50 different state governments. C) encompasses only opportunity costs of satisfying regulatory demands. D) encompasses both explicit and opportunity costs of satisfying regulatory demands..