In 2014, tire industry lobbyists pressured the United States government to consider imposing an additional tariff of up to 86% on top of the current 4% tariff on imported Chinese-made tires
This type of behavior where industry lobbyists attempt to influence law for their own economic advantage is called A) deadweight protection.
B) blackmail.
C) quota manipulation.
D) rent seeking.
D
Economics
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Suppose the economy is at full employment and firms become more optimistic about the future profitability of new investment. Which of the following will happen in the short run?
A) The aggregate demand curve will shift to the left. B) Output will decline. C) Unemployment will decline. D) Prices will decline.
Economics
Which of the following is not a resource?
a. Land. b. Labor. c. Money. d. Capital.
Economics