Tariffs are costly to consumers because
A. the supply of the imported good increases.
B. the price of the imported good falls.
C. consumers have to pay higher-prices.
D. import competition increases for domestic goods.
Answer: C
Economics
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When stock prices fall significantly, people may feel less wealthy and thus decide to consume less of their current flow of disposable income. In our consumption function, this can be represented by a
A) fall in (Y - T). B) rise in T. C) rise in c. D) fall in a.
Economics
Of the following, which is the least likely example of an increase in total factor productivity?
A) the introduction of the assembly line B) an increase in immigration C) good weather D) a reduction in the relative price of energy
Economics