Tariffs reallocate income from

A) consumers to producers.
B) producers to consumers.
C) government to producers.
D) consumers to foreigners.
E) Both A and D.

A

Economics

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Which of the following factor payment matches is not correct?

a. goods–payments for goods b. capital–interest c. labor–wage d. entrepreneurship–profit e. land–rent

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In the supply curve, the relationship between price and quantity supplied is

a. inverse. b direct. c. nonexistent. d. not determined.

Economics