In 1946 the average tariff rate in the United States was around ___________ percent, while the average tariff in 2012 was about ____________ percent
A) 14.0; 2.4
B) 18.7; 12.8
C) 40.0; 1.8
D) 30.2; 21.0
C
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What conclusion did the 1962 University of Chicago study on the burden of the corporate tax rate make?
What will be an ideal response?
All of the following are considered input barriers to entry except:
A) control of a key raw material by a single firm. B) the ability to obtain financing for capital projects at more favorable rates than potential competitors. C) the fact that workers in a particular industry belong to a union. D) a patent on a specialized type of capital that is needed to produce a particular product.
A depreciation of the U.S. dollar relative to the euro would tend to
A. increase U.S. exports to Germany. B. increase both U.S. imports from Germany and U.S. exports to Germany. C. decrease U.S. exports to Germany. D. increase U.S. imports from Germany.
Assume Claudia's budget constraint is demonstrated by line A in the graph shown. Which of the following would cause Claudia's budget constraint to shift to line C?
A. The prices of both goods have gone down. B. Claudia's income increased. C. Claudia's income decreased. D. Claudia's preferences for these two goods decreased.