An example of a tax specifically designed to reduce consumption of a good is a tax on:

Cross elasticity tells a manager that the product they produce is

A) a countercyclical good. B) a cyclical good. C) a luxury. D) a substitute or complement to other goods.

For the most part, trade between many countries:

A. is entirely unregulated or free. B. causes the well-being of some nations to win and others to lose. C. is regulated or restricted in some way. D. is free, with the notable exception of China.