If a study by medical researchers finds that eating brown rice causes weight loss while eating white rice causes weight gain, then we likely would see
a. an increase in demand for brown rice and a decrease in demand for white rice.
b. a decrease in demand for brown rice and an increase in demand for white rice.
c. an increase in demand for both brown and white rice.
d. no change in demand for either type of rice because weight loss is not a determinant of demand.
a
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Price ceilings are illegal in the United States
Indicate whether the statement is true or false
The infant-industry argument about tariffs argues that:
A. it is unfair to levy tariffs on items intended for use by infants. B. tariffs should be levied on foreign products that compete with new domestic industries only in the short run. C. if a newly established domestic industry can survive in the short run, a tariff should be levied to protect it from foreign competition in the long run. D. permanent tariffs should be levied on foreign products that compete with those produced by newly established domestic industries.