What are some of the long-run costs of tariffs?
What will be an ideal response?
Increased rent seeking, slower innovation, possible loss of exports due to retaliation
Economics
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Adverse selection occurs when those ________ likely to get ________ insurance payoffs are the ones who want to purchase insurance the most
A) least; large B) least; small C) most; large D) most; small
Economics
What are the likely effects of a sovereign debt crisis in terms of the government's ability to finance its debt?
What will be an ideal response?
Economics