In 1995, the United States threatened to impose 100 percent tariffs on ________ from ________ if it didn't loosen its protectionist policies.
A. luxury cars; Japan
B. auto parts; Japan
C. brandies; France
D. light trucks; Germany
Answer: A
You might also like to view...
A stock with a price-earnings ratio of 11.2 means that the stock is selling for a closing share price that is 11.2 times its latest available net earnings per share
Indicate whether the statement is true or false
An oligopolist charges a lower price than the short-run profit-maximizing price. How does this affect the firm’s allocative efficiency?
a. The firm achieves allocative efficiency because P 1 exceeds MC.
b. The firm fails at allocative efficiency because P 1 is less than the minimum ATC.
c. The firm fails at allocative efficiency because P 1 exceeds MC.
d. The firm achieves allocative efficiency because P 1 is less than MC.
Movie theaters often offer reduced rates for children under 10. This suggests that demand for adult admission is ________ than demand for children's admission.
A. more elastic B. less elastic C. more variable D. lower
Economists reason that the optimal decision is to continue any activity up to the point where the
A) marginal benefit is zero. B) marginal benefit is greater than the marginal cost. C) marginal cost is zero. D) marginal benefit equals the marginal cost.