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12345 [234]
3 years ago
14

The United States imposes a tariff on electronics imported from China. Which would be a result? China stops marketing all produc

ts to U.S. consumers The cost of Chinese electronics goes down Electronics trade with China increases U.S. consumers buy more domestically made electronics
Business
2 answers:
zimovet [89]3 years ago
8 0

Answer: Consumers buy more domestically made electronics

Explanation:  

A tariff is known to be a tax on imported goods and services from another country imposed or levied by the government of a country. Thus, it is imposed in order to protect local or domestics industries so as to encourage them to produce locally made goods. Hence, the cost of imported goods become expensive or high which makes consumers to buy locally or domestically made goods or products.

Paraphin [41]3 years ago
5 0
1)The price from the electronics from China goes up
2)People might start buying domestically made electronics because of cheaper prices.
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A study of photosynthesis in phytoplankton in the open ocean used short pulses of laser light to trigger photosynthetic reaction
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An important regulatory document for conducting clinical trials, the Investigator's Brochure (IB) summarizes an investigational medicinal product's (IMP) physical, chemical, pharmaceutical, pharmacological, and toxicological characteristics as well as any clinical experience.

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3 0
1 year ago
If the prices of all goods and services produced in the economy rose while the quantity of all goods and servicesstayed the same
zlopas [31]

Answer:

c.nominal GDP but not real GDP. 

Explanation:

Nominal GDP is total output produced in an economy multipled by current year prices.

Real GDP is total output produced in an economy multipled by base year prices.

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If only price increases and not output, only nominal GDP increases.

I hope my answer helps you.

4 0
3 years ago
If consumers see a measurable increase in the price of coffee, they are likely to change their consumption to less expensive tea
erica [24]

Answer: Utility function .

Explanation: In economics and particularly in consumer choice theory, the substitution effect is one component of the effect of a change in the price of a good upon the amount of that good demanded by a consumer, the other being the income effect .

utility function is an important concept that measures preferences over a set of goods and services. Utility represents the satisfaction that consumers receive for choosing and consuming a product or service. Utility is measured in units called utils, but calculating the benefit or satisfaction that consumers receive from is abstract and difficult to pinpoint. As a result, economists measure utility in terms of revealed preferences by observing consumers' choices. From there, economists create an ordering of consumption baskets from least desired to the most preferred.

utility function measures the welfare or satisfaction of a consumer as a function of consumption of real goods such as food or clothing. Utility function is widely used in the rational choice theory to analyze human behavior.

When economists measure the preferences of consumers, it's referred to ordinal utility. In other words, the order in which consumers choose one product over another can establish that consumers assign a higher value to the first product. Ordinal utility measures how consumers rank one product versus another.

Economists take the utility-function concept one step farther by assigning a numerical value to the products that consumers choose or choose not to consume. Assigning a value of utility is called cardinal utility, and the metric used to it is called utils.

For example, in certain situations, tea and coffee can be considered perfect substitutes for each other, and the appropriate utility function must reflect such preferences with a utility form of u(c, t) = c + t, where "u" denotes the utility function and "c" and "t" denote coffee and tea. Economists might conclude that a consumer who consumes one pound of coffee and no tea derives a utility of 1 util.

4 0
3 years ago
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