A tax imposed by a government on imports of a good into a country is called a
A) tariff. B) value added tax. C) sales tax. D) quota.
A
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In the balance sheet for the FBN bank above, the entries are in millions of dollars.. After FBN Bank loans the maximum amount it can, the loans have been spent, and the proceeds have been deposited in other banks, FBN Bank has excess reserves of
A) $360 million. B) $280 million. C) $100 million. D) $0.
One of the ways of coping with the principal-agent problem is
A) giving orders. B) providing incentive pay. C) shirking. D) using only short-term contracts.
Consumers in a monopolistically competitive market do not receive any consumer surplus because the price paid for the product exceeds the marginal cost of production
Indicate whether the statement is true or false
Market power and externalities are examples of market failures
a. True b. False Indicate whether the statement is true or false