What is a tariff?

What will be an ideal response?


A tariff is a tax on an imported good.

Economics

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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).

Economics

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

Economics

Systematic error is most clearly associated with

A. rational expectations. B. adaptive expectations. C. supply-side expectations. D. monetary expectations.

Economics

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

Economics