Nominal rates of protection
A) are always greater than effective rates of protection.
B) are always smaller than effective rates of protection.
C) refer to the tariffs placed on intermediate goods used to make the final good or service.
D) cannot be negative.
D
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The National Banking Act of 1863, did which of the following?
(a) Permitted interstate branch banking (b) Created one national central bank in the U.S. (c) Created federally chartered national banks restricted to conducting businesses within a designated state. (d) Created federally chartered national banks open to conducting businesses across states.
If a country had a real GDP of $500 million, and the GDP deflator was110, what is the nominal GDP?
a. $440 million b. $540 million c. $450 million d. $550 billion
Suppose a country has been running a persistent government budget deficit. If the deficit is reduced, but remains positive...
What will be an ideal response?
The opportunity cost of a decision is the
A. value of the best alternative not chosen. B. cost of making the wrong choice. C. cost incurred by others who are unhappy with your decision. D. value of all the alternatives not chosen.