The expected value is a measure of

When a tariff is applied to a good exported by a foreign monopoly (with no home producer), the price net of the tariff received by the seller is _________.

a. lower than under free trade b. higher than under free trade c. the same as under free trade d. so high that no sales are possible

A policy of raising the minimum wage is beneficial to all low-skilled workers

Indicate whether the statement is true or false