A(n) ________ is a tax on imports that is stipulated as a money amount per unit.

A. specific tariff
B. ad valorem tariff
C. optimal tariff
D. effective tariff


Answer: A

Economics

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Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Estonia gain compared to the "without trade" numbers?

A) 25 B) 75 C) 100 D) 125

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Optimal user fees are paid only by the consumers of the good or service produced.

A. True B. False C. Uncertain

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If consumption expenditures increased by $150 million, while GDP remained the same, which of the following could have occurred, all else equal?

a. Exports increased by $150 million b. Imports decreased by $150 million c. Net exports increased by $150 million d. Net exports decreased by $150 million e. Private investment increased by $150 million

Economics

Using the liquidity-preference model, when the Federal Reserve decreases the money supply,

a. the equilibrium interest rate increases. b. the aggregate-demand curve shifts to the right. c. the quantity of goods and services demanded is unchanged for a given price level. d. the short-run aggregate-supply curve shifts to the left.

Economics