Walmart has an impact on workers, even in states where they have few stores, because
A. they buy American only.
B. they rarely buy from firms in states in which they have stores.
C. their web-stores are dominant.
D. their pricing policies compel firms to outsource production to low-cost foreign locations.
Answer: D
Economics
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Which of the following statements is true with respect to a tariff on imported cheese?
a. It lowers the price of cheese. b. It lowers domestic cheese producers' profit. c. It creates tax revenues for the government. d. It cannot result in retaliation. e. It increases the amount of foreign cheese sold on domestic markets.
Economics
Taxes are not considered a leakage because they become transfers in the circular flow of income and spending model.
Answer the following statement true (T) or false (F)
Economics