Economists would say tariffs
A. protect domestic producers of exported goods.
B. limit voluntary exchanges.
C. protect foreign producers of goods.
D. protect domestic consumers of goods.
Answer: B. limit voluntary exchanges
Economics
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In the early 1990s, economists became alarmed over the national debt because it
a. was larger than three months' GDP. b. was growing faster than GDP. c. had reached twice the size of GDP. d. was growing faster than private debt.
Economics
A person's tendency to smoke a cigarette after promising himself that he will quit is an example of the behavioral economics insight that people are inconsistent over time
a. True b. False Indicate whether the statement is true or false
Economics