When the domestic price of a good is below the world price, the imposition of a tariff on the import of the good _____
a. results in a loss in producer surplus
b. results in a gain in producer surplus
c. does not affect government revenue
d. does not lead to a deadweight loss
b
Economics
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Which of the following is NOT an attempt to evade rent controls?
A) make life unpleasant for tenants B) require tenants to get furniture from the landlord C) subletting D) using the courts to challenge the sublease of a tenant
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A visual expression of income distribution is depicted by
a. the Gini coefficient b. the IRS curve for incomes held by households c. supply and demand curves for the four resources: labor, capital, land, and entrepreneurship d. the Lorenz curve e. the diagonal on a Gini distribution
Economics