Taxes levied on imports are called ________
A) embargo B) seigniorage C) quotas D) tariffs
D
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The president from which Federal Reserve Bank always has a vote in the Federal Open Market Committee?
A) Philadelphia B) Boston C) San Francisco D) New York
Suppose the insurance company cannot tell them apart but expects them to be different values and charges them an average premium of $1850 . How much profit would it make?
a. $1850 b. Zero-they would break even c. They would make a loss of $650 d. They would make a loss of $1100
Who believes that marginal analysis provides the best model of a firm's behavior?
a. William Baumol b. John K. Galbraith c. Milton Friedman d. Richard Lester e. Lester Thurow
Any restriction of international trade that is accomplished by a quota can also be accomplished by a tariff
a. True b. False Indicate whether the statement is true or false