Generally, if a nation imposes a tariff on imports,
a. part of the tax is paid by foreign exporters.
b. the entire tax is paid by foreign exporters.
c. none of the tax is paid by foreign exporters.
d. the tax has no impact on the profits of foreign exporters.
a
You might also like to view...
A firm selling in a price-takers' market
A) can reduce its price without thereby lowering its marginal revenue. B) can reduce its price without thereby lowering its total revenue. C) faces a perfectly elastic demand curve. D) has marginal costs equal to marginal revenue at all levels of output.
In Figure 13-3 above, suppose that the Fed maintains a fixed real money supply and that commodity demand is also fixed. The range of shifts in the LM curve, LM1 to LM2 lead to
A) an unstable equilibrium output, C to B1. B) a stable equilibrium output, C. C) an unstable equilibrium output, B0 to B1. D) a stable equilibrium output, B0 to B1.