What is a true statement concerning the imposition in the U.S. of a tariff on steel?()
A: It lowers the price of cheese domestically.
B: It raises the price of cheese internationally.
C: It raises revenue for the government.
D: It will always result in retaliation from abroad.
E: None of the above.
A: It lowers the price of cheese domestically.
B: It raises the price of cheese internationally.
C: It raises revenue for the government.
D: It will always result in retaliation from abroad.
E: None of the above.
举一反三
- 中国大学MOOC: What is a TRUE statement concerning the imposition in the U.S. of a tariff on cheese?
- If a good is imported into (large) country H from country F, then the imposition of a tariff in country H __________. A: raises the price of the good in both countries (the "Law of One Price"). B: raises the price in country H and cannot affect its price in country F. C: lowers the price of the good in both countries. D: raises the price of the good in H and lowers it in F.
- If a good is imported into () country H from country F, then the imposition of a tariff in country H () A: raises the price in country H and does not affect its price in country F B: lowers the price of the good in both countries. C: lowers the price of the good in H and could raise it in D: raises the price of the good in H and lowers it in
- If demand is price elastic and price decreases, then A: the extra revenue from the extra units sold is exactly offset by the loss in revenue due to the lower price B: more information is necessary to determine what happens to total revenue C: the extra revenue from the extra units sold is less than the loss in revenue from the lower price D: the extra revenue from the extra units sold exceeds the loss in revenue from the lower price
- In the labor market, an increase in labor productivity ________ the real wage rate and ________ the level of employment. A: raises; increases B: raises; decreases C: lowers; increases D: lowers; decreases