A tariff is a tax on imports imposed by the country that is importing the goods
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the CPI at the end of last year was 100 and the CPI at the end of this year was 115, the inflation rate was
A) 1.5 percent. B) 15 percent. C) 100 percent. D) 115 percent.
Economics
If the firm hires more labor, everything else held constant, then
A) the marginal product of labor falls. B) output decreases. C) there is an increase in the marginal product of labor. D) total factor productivity falls.
Economics