The above figure shows the U.S. market for replacement cell phone batteries. Suppose the U.S. government imposes the tariff illustrated in the figure. The tariff is equal to ________ and the price U.S
consumers pay ________ compared to the price paid when there was free trade. A) $2; decreases
B) $14; decreases
C) $2; increases
D) $12; increases
E) $14; increases
C
Economics
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By offering more generous unemployment insurance programs, European countries can expect
A) workers to gain new skills quickly in response to fluctuations in the labor market. B) longer periods of unemployment for their workers. C) to pay less in taxes than in the United States. D) shorter periods of unemployment for their workers.
Economics
What is the relationship between the Federal funds rate and the prime interest rate? Why doesn’t the Federal Reserve target the prime interest rate?
What will be an ideal response?
Economics