The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. The smallest tariff necessary to completely eliminate imported rice is

Because the monopolistically competitive firm faces a ________ demand curve for its product, it ________ the price of its output

A) downward-sloping; can influence B) horizontal; can influence C) horizontal; cannot influence D) downward-sloping; cannot influence

When government decides to use fiscal policy:

A. the information for how much to change taxes is readily available. B. the expedited process of approval aids with quick enactment. C. it always keeps the economy closer to potential GDP than it otherwise would be. D. It may take time to implement it.