The figure above shows that as a result of the tariff, consumer surplus in the United States
A) decreases by $105 million per year.
B) increases by $55 million per year.
C) decreases by $30 million per year.
D) decreases by $20 million per year.
E) remains unchanged.
A
Economics
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Liane maximizes her total utility when she allocates all of her available income such that the marginal utility per dollar spent on each good ________
A) is diminishing B) is maximized C) is the same D) is increasing
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Which of the following would cause the price of the dollar to rise?
A) a fall in bond prices B) an increase in bond prices C) a decrease in interest rates D) a fall in the exchange rate
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