If one nation retaliates against another's tariffs with tariffs of their own, the GATT stipulates that the retaliatory tariff must
A. be submitted to the WTO for prior approval.
B. be on a good whose sales are roughly similar.
C. be on the same good.
D. end within a year.
Answer: B
You might also like to view...
If the exchange rate falls, the quantity of dollars supplied
A) increases, and there is movement up along the supply curve of dollars. B) increases, and there is movement down along the supply curve of dollars. C) decreases, and there is movement up along the supply curve of dollars. D) does not change. E) decreases, and there is movement down along the supply curve of dollars.
What is the primary determinant of real saving and real consumption according to Keynes? Explain
What will be an ideal response?
Suppose the demand curve for medical care services is perfectly inelastic. What will happen to the equilibrium price and quantity if supply increases?
a. Price will fall and quantity will increase. b. Price and quantity will fall. c. Price will fall and quantity will stay the same. d. Price and quantity will rise. e. Price will stay the same and quantity will rise.
An increase in the price level cause aggregate demand to increase.
a. true b. false