What is a tariff?
What will be an ideal response?
A tariff is a tax on an imported good.
You might also like to view...
Recently we have run a _________ balance of trade on goods and a ___________ balance of trade on services.
Fill in the blank(s) with the appropriate word(s).
Which of the following would shift the supply curve of loanable funds?
a. a change in the marginal physical product of capital b. a change in consumers' preferences for present and future consumption c. an increase in the price of the good produced by capital d. an increase in the interest rate e. a new productivity-improving technology
Systematic error is most clearly associated with
A. rational expectations. B. adaptive expectations. C. supply-side expectations. D. monetary expectations.
In macroeconomics, game theory focuses on the strategic interactions between which of the following groups of agents?
A) individuals; firms B) individuals and firms; policy makers C) policy makers; economic forecasters D) individuals and firms; economic forecasters