The average U.S. tariff rate on imported goods is about:
A. 5 percent.
B. 12 percent.
C. 37 percent.
D. 50 percent.
A. 5 percent.
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An increase in demand will cause
a. an increase in supply. b. a decrease in supply. c. an increase in quantity supplied. d. a decrease in quantity supplied. e. a decrease in equilibrium price.
Figure 3.4 illustrates the demand for tacos. A decrease in the price of tacos would bring about a movement from:
A. point a to point c. B. point c to point a. C. D2 to D0. D. D0 to D2.
Suppose the demand for hamburgers increases. In the short run, firms that produce hamburgers will experience a rise in prices, which will induce them to:
A. decrease production and decrease the number of workers. B. increase production and increase the number of workers. C. decrease production and increase the number of workers. D. increase production and decrease the number of workers.
"Stocks and bonds" are collectively known as
A) securities. B) equities. C) real property. D) shares.