Reducing a tariff on a particular good does which of the following?
a. It decreases the price of the domestic good to domestic consumers
b. It increases the price of the good to domestic consumers.
c. It redistributes income away from domestic producers toward domestic consumers.
d. both (a) and (c)
d
Economics
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Empirical evidence suggests that usury laws
A) help poor consumers by lowering the interest rate they pay. B) hurt poor consumers by limiting their ability to borrow. C) keep interest rates low. D) limit the amount borrowed by wealthier consumers.
Economics
According to the simple quantity theory of money, if the money supply falls by 20 percent,
A) the price level will fall by 20 percent. B) Real GDP will rise by less than 20 percent. C) GDP will fall by 20 percent. D) velocity will rise. E) a and c
Economics