The production side efficiency loss of a tariff is caused by
A) confusion about prices when a tariff is imposed.
B) higher profits gained by foreign producers.
C) the expansion of relative inefficient domestic production.
D) the contraction of domestic consumption.
E) the increase in government revenue.
C
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Which of the following should not be considered as an opportunity cost of attending college?
a. Expenses that are the same whether or not you attend college b. Lost salary c. Business lunches d. Interest that could have been earned on your money had you put the money into a savings account, rather than spent it on tuition e. Opportunities sacrificed in the decision to attend college
Consider a bond that costs $1000 today and promises a one-time future payment of $1,080 in four years. What is the approximate interest rate on this bond?
A. 8% B. 2% C. 10.8% D. 4%