A tariff is a tax on
A) all exported goods imposed by the WTO.
B) imported goods.
C) shipping containers.
D) foreign exchange transactions.
B
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In order to ensure that borrowers have an ability to repay residential mortgages, the new consumer protection legislation requires lenders to do all of the following EXCEPT
A) verify the income of the borrower. B) verify the borrower's job status. C) check the credit history of the borrower. D) verify that the borrower can read and understand a loan contract.
In response to Southern restrictions on the export of cotton in 1861 and 1862,
a. Britain was forced to give financial aid to the Confederate government due to its dependence on Southern cotton. b. Britain provided a naval blockade protecting ships carrying Southern cotton. c. the price of Southern cotton soared, allowing Southern planters to earn substantial profits. d. Britain relied on alternate sources of supply to meet its cotton demand.
The Coase theorem reminds us that efficiency is all about ____________________ and says nothing about ______________________.
A. maximizing total surplus; the distribution of that surplus B. equitably distributing surplus; maximizing that surplus C. who gets the most surplus; whether that's a fair outcome D. None of these statements is true.
If three employees each work 35 hours a week and produce a total of 9,765 items, what is their total hourly productivity level?
A. 31 B. 93 C. 67 D. 105