The answer is: "A tax on imports." What is the question?
A) What is comparative advantage?
B) What is a quota?
C) What is a tariff?
D) What reduces consumers' surplus?
E) c and d
E
You might also like to view...
When the U.S. price level rises relative to other nations' price levels, then
A) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts rightward. B) U.S. exports decrease, U.S. imports increase, and there is a movement upward along the aggregate demand curve. C) U.S. exports increase and the aggregate demand curve shifts rightward. D) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts leftward. E) U.S. firms' profits increase and the aggregate demand curve shifts rightward.
The leakage and injections approach implies that deficit spending by the government must be financed by
A) private investment less private savings plus net exports. B) private saving less private investment plus net exports. C) the trade deficit must always offset the government deficit. D) B and C.
Since the definition of economic growth does not take into account the growth of the country's population, the income of the average person in a country with high real GDP growth could be declining through time
a. True b. False Indicate whether the statement is true or false
Discouraged workers who want jobs but have stopped looking for jobs are:
A. frictionally unemployed. B. unemployed due to structural unemployment. C. no longer in the labour force. D. helped by minimum-wage legislation.