Import restrictions due to the imposition of tariffs by the U.S. government
A) will ultimately cause inefficient resource allocation in the United States.
B) will lead to lower incomes in the economy of U.S. trade partners.
C) will lead to a decline in the quantity of the product consumed in the United States.
D) all of the above are likely to occur
D
Economics
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The U.S. debt to GDP ratio in 2014 was
A) less than 20 percent. B) 42.4 percent. C) 74.1 percent. D) greater than 85 percent.
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One effect of inflation is that it is a tax that redistributes goods and services from
A) investors to savers. B) households and businesses to the government. C) businesses to households. D) government to households. E) government to businesses.
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