The imposition of both tariffs and nontariff barriers leads to:
a. an increase in total surplus
b. increased domestic consumption.
c. increases in the prices of imported goods.
d. increased foreign production.
c
Economics
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Mary Ellen lives in a large city and earns $100,000 a year. Her sister, Molly, lives in a small rural community and earns only $20,000 a year
Based on this information, can you conclude that Mary Ellen is better off than her sister? Explain your answer.
Economics
A cooperative, or "co-op" for short, is a single-owner firm
a. True b. False
Economics