A tax on imports is a(n)
A. tariff.
B. quality barrier.
C. import quota.
D. voluntary import restriction.
Answer: A
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The only difference between a one- and two-sided hypothesis test is
A) the null hypothesis. B) dependent on the sample size n. C) the sign of the slope coefficient. D) how you interpret the t-statistic.
Consider the following statement: "If the government attempts to raise employment through increased fiscal spending, all it will end up doing is increasing the price level." The statement rests on the assumption that:
a. the aggregate demand curve is a horizontal line. b. the aggregate supply curve is a vertical line. c. the aggregate supply curve is upward-sloping. d. the aggregate supply curve is downward-sloping. e. the aggregate supply curve is a horizontal line.
Economists define the change in national income that is generated by a change in investment as
a. the marginal propensity to invest b. the investment multiplier c. the saving multiplier d. the income multiplier e. autonomous investment
Dumping refers to a country
A) imposing a retaliatory tariff against the subsidized products of a foreign country. B) selling a good abroad at a price that is below its cost and lower than the price charged in the domestic market. C) selling a good abroad at a price that is above its cost and higher than the price charged in the domestic market. D) a and c E) all of the above