Answer:
D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.
Explanation:
You should consider the case of rent seeking. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
Answer:
is the pattern that follows any of the variables that determine the benefit of an economic activity
a standard is the reference level of some factor of production
Answer:
Date General Debit Credit
$ $
Dec 31 Equipment 10000
Cash 10000
Following are detail of the posting of equipment purchased
1) The $10,000 will be posted to the debit side of the Equipment Account.
2) The $10,000 will be posted to the credit side of the Cash Account
Answer:
Ernesto's payoff will be zero and Timothy's payoff will also be zero.
Explanation:
Ernesto and Timothy are involved in a game of rock, paper, scissors.
If a player wins his payoff is 1. If a player loses his payoff is -1.
If both players tie their payoff is 0.
Here, both Timothy and Ernesto chose paper. So, there will be a tie between them.
Thus, both of them will have zero as a payoff.
