What is the term for taxes that governments place on imported goods for a variety of reasons?
a. barriers
b. tariffs
c. goods taxes
d. import taxes
b. tariffs
You might also like to view...
When the demand for a product is less elastic than the supply
A) consumers pay the entire tax on the product. B) firms pay the entire tax on the product. C) consumers pay the majority of the tax on the product. D) firms pay the majority of the tax on the product.
Suppose a start-up company can operate from a traditional office space or from a virtual office in which there is no physical office location and the employees collaborate over internet connections from their individual homes
Shirking is more difficult to monitor under the virtual office plan. How would the efficiency wage and level of employment for the virtual office compare to the traditional office plan? A) Efficiency wage and employment are higher B) Efficiency wage is lower, employment is higher C) Efficiency wage is higher, employment is lower D) Efficiency wage and employment are lower
Among all unbiased estimators that are weighted averages of Y1,..., Yn , is
A) the only consistent estimator of µY. B) the most efficient estimator of µY. C) a number which, by definition, cannot have a variance. D) the most unbiased estimator of µY.
If the Federal Open Market Committee decides to expand the money supply, then it will
a. raise the discount rate to member banks. b. issue directions to purchase government securities, thus putting more reserves in member banks. c. issue directions to sell government securities, thus taking reserves from member banks. d. order new Federal Reserve notes delivered to member banks.