Reducing a tariff will ________ the domestic production of the good and ________ the total domestic consumption of the good
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
C
Economics
You might also like to view...
What does the unemployment rate represent?
(A) The percentage of the total population that is not employed. (B) The total number of people who are unable to find work. (C) The total number of people who are not employed. (D) The percentage of the total labor force that is unemployed.
Economics
Cartels are more likely to succeed the larger the number of firms in an industry
a. True b. False
Economics