A tax on imports equal to a percentage of the cost of those imports is known as
a. a specific tariff
b. an ad valorem tariff
c. a tax on luxury goods only
d. an effective quota
e. an ad valorem quota
B
Economics
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Japan did not lead the world in automobile production in the 1950s because _________________________.
Economics
Suppose the quantity of money is $1,000, the velocity of circulation is 6, and real GDP is $4,000. Then the price level is
A) 2.0. B) 2.5. C) 1.1. D) 1.5. E) 6.0.
Economics
If the French government increases its expenditures and reduces taxes, then France's interest rate
a. and its exchange rate rise. b. rises and its exchange rate falls. c. falls and its exchange rate rises. d. and its exchange rate fall.
Economics
which is not an asset of the federal reserve?
A) gold B) government bonds C) loans to banks D) Federal Reserve notes
Economics