Which of the following is a tool used for protectionism?
A) Service tax
B) Bank rate
C) Tariffs
D) Open market operations
C
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When the value of a currency is determined mostly by demand and supply, but with occasional government intervention, the exchange rate system is defined as
A) floating. B) fixed. C) Bretton Woods. D) managed float.
Refer to Table 19-27. What is the level of personal income for this economy?
A) $1,140 billion B) $1,010 billion C) $990 billion D) $860 billion
Fiscal policy time lags tend to be
A) constant, always thirteen months long. B) variable, between one and three years. C) variable, between one and three weeks. D) variable, between one and three months.
Goods that cost 1/5 of one dollar in the U.S. cost one kroner in Denmark, the real exchange rate would be computed as how many Danish goods per U.S. goods?
a. five b. the amount of kroner that can be bought with twenty U.S. cents c. the amount of kroner that can be bought with 5 dollars d. None of the above is correct.