In the 1930s, the United States charged an average tariff rate ________. Today, the rate is ________
A) of 100 percent; 20 percent
B) above 50 percent; less than 1.5 percent
C) of less than 10 percent; over 40 percent
D) of 17 percent; 33 percent
Answer: B
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Using a discount rate above the market interest rate to evaluate projects will
a. bias a decision toward going ahead with the project b. correct for distortions in capital markets c. have no impact on project evaluation d. bias a decision toward rejecting a project e. none of the above
Use the above table. What percentage of income is received by the richest 20% of the population?
A) 33.33 percent B) 16.67 percent C) 11.11 percent D) 40.00 percent
How do the concepts of market failure and failure of market outcome relate to the concept of Pareto optimality?
A. Market failure is judged by the criteria of Pareto optimality; failure of market outcome rejects Pareto optimality as the sole criterion. B. Failure of market outcome is judged by the criteria of Pareto optimality; market failure rejects Pareto optimality as the sole criterion. C. Both market failure and failure of market outcome reject the criteria of Pareto optimality for another criterion. D. Both market failure and failure of market outcome are judged by the criteria of Pareto optimality.
Which of the following will tend to make the deposit expansion multiplier a larger number?
A. A decrease in loans made by commercial banks B. An increase in loans made by commercial banks C. An increase in the prime interest rate D. An increase in the money supply E. A decrease in the required reserve ratio