U.S. tariffs on imported goods:

A. have steadily increased since the 1970s.
B. have declined since the 1940s and are currently around 5 percent.
C. are currently around 20 percent.
D. are illegal.

B. have declined since the 1940s and are currently around 5 percent.

Economics

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Which of the following is an example of money functioning as a medium of exchange?

A) Walmart accepting your $20 when you buy a Blu-ray. B) Apple pricing an iPhone at $299. C) Bank of America paying you 3 percent on your saving account. D) You saving your spare change in a jar before depositing them in your savings account.

Economics

The market demand for a good is determined by horizontally summing the demand curves of individual consumers

Indicate whether the statement is true or false

Economics