The United States charges
A) the same tariff rates on goods from all countries.
B) lower tariff rates on goods from countries with most favored nation status.
C) low or zero tariffs on goods from certain developing countries.
D) Both B and C.
D
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The form of economic organization in which productive resources are privately owned by individuals, and those individuals independently decide what to produce is called
A) communism. B) capitalism. C) socialism. D) utilitarianism.
In a closed economy
A) I = Y - C - G. B) I = Y + C - G. C) I = Y + C + G. D) I = Y - C + G.
An unexpected fall in the Producer Price Index should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
The major source of financing in the Anglo Saxon model is:
a. Securities markets b. Secondary market financing c. The sale of treasury bonds d. Bank financing e. None of the above