Which of the following is a likely effect of tariffs on trade?
a. higher sales of imported goods
b. lower prices of imported goods
c. lower sales of imported goods
d. higher quotas for imported goods
c. lower sales of imported goods
Economics
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If a buyer enjoys a consumer surplus of $25 when he purchases a good for $50, his willingness to pay for the good is ________
A) $2 B) $25 C) $50 D) $75
Economics
Investment tax credits are subject to ________ of the lags that occur with more conventional types of fiscal policy, making them ________ activist fiscal policy tool
A) none, a promising B) none, an unpromising C) some, a promising D) some, an unpromising
Economics