A tax imposed on imported goods is
A. A tariff.
B. An example of fiscal policy.
C. A quota.
D. An embargo.
Answer: A
You might also like to view...
What factors determine the magnitude of the price elasticity of demand?
What will be an ideal response?
Social inequalities disappear when income inequalities are eliminated
Indicate whether the statement is true or false
According to the monetarists, the velocity of money is
a. constant by definition. b. highly variable and unpredictable. c. constant as a matter of empirical proof. d. not constant but predictable.
The investment demand curve will shift to the left as a result of:
A. an increase in the excess production capacity available in industry. B. a decrease in business taxes. C. increased business optimism with respect to future economic conditions. D. a decrease in labor costs.