The increase in the price of sugar created by the tariff will lead domestic consumption to fall by ________ tons per year, compared to when the economy is open without the tariff.

A nation's country-risk premium increases if:

a. Expected inflation becomes harder to predict. b. The average maturity structure in the nation rises. c. None of the above d. Central bank policies become more predictable. e. All of the above.

The basic tax rate on taxable corporate income is:

A. 15 percent. B. 22 percent. C. 35 percent. D. 52 percent.