If a tariff on beef were implemented, which of the following would rise?
a. exports and net exports
b. exports but not net exports
c. net exports but not exports
d. neither exports nor net exports
d
Economics
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The Clayton Act prohibits “all contracts, combinations and conspiracies in restraint of trade.”
Answer the following statement true (T) or false (F)
Economics
Answer the following statement(s) true (T) or false (F)
1. The Engel curve contains information that is not found in the indifference curve diagram. 2. The Law of demand can only be violated if a good is inferior. 3. All Giffen goods must be inferior goods, but not all inferior goods are Giffen goods. 4. In a two-good world, one good-but not both-can be inferior. 5. An inferior good is one for which the substitution effect is relatively large.
Economics