Although current U.S. tariffs are quite low on average, tariffs remain high for some products

Indicate whether the statement is true or false

TRUE

Economics

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Court decisions aiming to resolve disputes by determining who in fact possesses contested legal rights

A) prevent any change from occurring. B) prevent undesirable changes from occurring. C) promote cooperation by clarifying and stabilizing expectations. D) substitute legal criteria for economic criteria and thereby create windfall profits and losses. E) substitute public-welfare criteria for private-interest criteria.

Economics

The state Department of Agriculture raised the minimum price for a gallon of milk in the city on Tuesday to $4.37

"If you've got two or three kids and you're living on a fixed income and you're paying half your income on rent," Gioia said, "then you're really in a bind and you're making choices you should never have to make." If even after this price increase Gioia's marginal utility per dollar is higher for milk than for other goods, what should Gioia do? A) increase her consumption of milk B) decrease her consumption of milk C) not change her consumption of milk D) increase her consumption of milk only if her income increases

Economics