________: a government tax imposed on goods or products entering a country

Fill in the blank(s) with correct word

Import tariff (duty)

Economics

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In a perfectly competitive market, technological advances bring ________ economic profits for producers and ________ lower prices for consumers

A) permanent; permanently B) permanent; temporarily C) temporary; permanently D) temporary; temporarily

Economics

A 2% wage increase for teachers or police officers is:

a. usually offset by higher output per worker. b. leads to increases in municipal budgets. c. indicates that teachers and police have became more selfish. d. leads to more personalized service.

Economics