After the United States introduces a tariff in the market for widgets, the price of widgets in the United States will: Incorrect Response
A. decrease.
B. increase.
C. remain the same.
D. change in an indeterminate manner.
B. increase.
Economics
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A disadvantage of the corporate form of business organization is that corporate income is taxed twice
a. True b. False
Economics
The concept of marginal utility:
A. explains why individuals find it difficult to maximize their total utility. B. is the change in total utility that comes from consuming one additional unit of a good or service. C. can only be applied to situations in which individuals can choose among several goods or services. D. is the loss in utility from making a bad decision.
Economics