Suppose Country A collectively enjoys monopsony power in Good X. If Country A imposes a tariff on the imports of Good X, the world price of Good X will
A. remain unaffected.
B. rise.
C. become equal to the tariff-inclusive price in Country A.
D. fall.
Answer: D
Economics
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A fall in the money wage rate shifts
A) both the SAS and LAS curves rightward. B) both the SAS and LAS curves leftward. C) the SAS curve rightward but leaves the LAS curve unchanged. D) the LAS curve rightward but leaves the SAS curve unchanged.
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Which form of business is also known as a closely held? corporation?
A. Master limited partnership B. Private corporation C. Public corporation D. Sole proprietorship E. Limited liability partnership
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