If a nation imposes a tariff on imports, the portion of the tax paid by citizens depends upon

A. elasticity of demand.
B. elasticity of supply.
C. how important the good is.
D. income elasticity.
E. cross elasticity of demand with domestic products.

Answer: A

Economics

You might also like to view...

Which of the following helps to determine a currency's international role as the dominant reserve currency?

A) amount of seigniorage B) policy goals of national monetary authorities C) size of the domestic economic activity relative to international trade D) All of the above

Economics

What is the multiplier effect?

What will be an ideal response?

Economics