A tariff is A tax on exports A tax on agricultural products A tax on imports A s

Question

A tariff is A tax on exports A tax on agricultural products A tax on imports A subsidy to domestic firm Losers of tariffs include Foreign producers Domestic consumers Government Both foreign producers and domestic consumers The official arbiter of trade disputes between countries is The World Trade Organization The World Bank UNICEF USDA ERS Which of the following is included in the cost of education? Direct costs such as books Opportunity costs Time Direct costs and opportunity costs The largest cost of attending college is tuition. tuition and books, room and board, foregone costs. As years of education is increased marginal benefit will increase, marginal benefit will decrease, marginal cost will increase, marginal cost will remain constant.

Explanation / Answer

11. c. a tax on imports

12. d. both foreign producers and domestic consumers because foreign producers are not able to sell their product in the country while domestic residents of country does not get product at cheaper rates.

13. a. The World Trade Organization

14. a. direct cost such as books

15. c. room and board

16. a. Marginal benefit will increase because additonal year of education increases the benefit of person in coming years.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.