A production subsidy combined with free trade
A) has the same deadweight costs as a tariff.
B) has only consumption deadweight costs.
C) has only production deadweight costs.
D) None of the above.
C
Economics
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If textbook prices rise by 5% this year, and textbook purchases fall by 5% this year, then the price elasticity of demand is:
A) .05. B) .10. C) .55. D) .95. E) 1.0.
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When real GDP increases, the demand for money
A) increases. B) decreases. C) stays the same. D) we cannot make a prediction without additional information.
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