A tariff which is set up as a percent of the value of the imported good is a(n)
a. Specific Tariff.
b. Protective Tariff.
c. Embargo Tariff.
d. Ad Valor em Tariff.
d. Ad Valor em Tariff.
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It is possible for an economy to become more productive and per-capita output to increase if
A) technology is improved. B) inventions are developed. C) new ideas are generated. D) all of the above
Suppose the economy is at full employment and firms become more optimistic about the future profitability of new investment. Which of the following will happen in the short run?
A) The aggregate demand curve will shift to the left. B) Output will decline. C) Unemployment will decline. D) Prices will decline.
What is the expected dollar rate of return on dollar deposits if today's exchange rate is $1.10 per euro, next year's expected exchange rate is $1.165 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%?
A) 10% B) 11% C) -1% D) 0% E) 15%
The revealed preference approach refers to:
A. asking consumer to reveal their preferences using survey methods. B. estimating demand curves by using data on individual consumers. C. a statistical method used to estimate demand curves. D. a method of gathering information about consumer's preferences by observing their actual choices.