The average tariff rate imposed by the United States on imported goods
A) has generally increased over the past 60 years.
B) has generally decreased over the past 60 years.
C) peaked in 1990.
D) peaked in 1980.
B
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In the income-expenditure model, firms stand ready to provide all the output that is demanded
Indicate whether the statement is true or false
Which of the following is most accurate?
a. The US has always had a national bank since the early 1800s. b. The US is currently on the gold standard. c. The US used both gold and silver to back its currency during the entire 19th century. d. The US experienced low inflation during the 1970s because it printed very little money. e. The US Federal Reserve is relatively independent compared to similar institutions in most other industrialized nations.
You win your state lottery. The lottery officials offer you the following options: you can accept annual payments of $50,000 for 20 years or receive an upfront payment of $700,000. Ignoring issues like mortality tables, taxes, etc.; and assuming the first payment is made immediately, what market interest rate would make it more attractive to take the upfront payment?
What will be an ideal response?
In the above figure, if this natural monopolist were forced to use marginal cost pricing, it would sell the product at the price
A. A. B. C. C. E. D. F.