Who does not want a tariff?
(a) Consumers of imported goods
(b) Domestic businesses producing goods that compete with the imported goods
(c) Politicians trying to garner domestic support from the import-competing domestic industries
(d) The federal government
(a)
Economics
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Refer to the scenario above. If the cost of advertising is negligible, what will the outcome of this game be?
A) Company A will advertise its products while Company B will not advertise. B) Company B will advertise while Company A will not advertise. C) Both the companies will advertise their products. D) Neither of the companies will advertise its products.
Economics
The GDP deflator is calculated as (Real GDP / Nominal GDP) × 100
a. True b. False Indicate whether the statement is true or false
Economics