If a tariff of $10 has no effect on the world price, the optimal tariff on that product
A) is $10.
B) is zero.
C) is higher than $10.
D) depends upon the amount of government revenue collected.
B
Economics
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Refer to Table 13-4. Based on the data in the table, which of the following statements is true?
A) The table summarizes Victoria's short-run, rather than long-run, market for plastic vials. B) Victoria should advertise more in order to increase the demand for plastic vials. C) Victoria could be either a monopolistically competitive or a perfectly competitive firm. D) Victoria should shut down temporarily.
Economics
When the Federal Reserve increases the money supply, people spend more because interest rates fall
Indicate whether the statement is true or false
Economics