Which is an example of a nontariff barrier (NTB)?
A. An export subsidy.
B. An excise tax on the physical volume of imported goods.
C. Box-by-box inspection requirements for imported fruit.
D. An excise tax on the dollar value of imported goods.
C. Box-by-box inspection requirements for imported fruit.
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The equilibrium or market clearing price occurs at the point at which
A. the supply curve intersects the horizontal axis. B. there is a shortage of the desired good. C. quantity demanded equals quantity supplied. D. the demand curve intersects the vertical axis.
In the above graphs a direct relationship is shown by
A) Graph A. B) Graph B. C) Graph C. D) Graph D.
If interest rates increase, the government debt becomes:
A. more expensive to pay. B. less expensive to pay. C. more volatile. D. less of a burden.
Policies taken to move the economy closer to potential output:
A. must be expansionary policies. B. must be contractionary policies. C. are called stabilization policies. D. are lagging policies or automatic policies.