The average tariff rate in the US today is about 40 percent, but it was only 1.6 percent in 1946
Indicate whether the statement is true or false
False
You might also like to view...
Last year your job at the university cafeteria paid you $9 an hour and the price of a music download was $1.00. This year your cafeteria job pays $9.90 per hour and download costs $1.10. You are clearly
A. worse off because of inflation. B. worse off because the download is now relatively more expensive. C. better off because your wage rate went up. D. better off because the download now costs less work.
In an economy with no income taxes or imports, if the MPC is .75, the multiplier is
A) 0.50. B) 4.00. C) 0.33. D) 3.00. E) 0.25.
A risk-averse investor compared to a risk-neutral investor would:
A. require a higher risk premium for the same investment as a risk-neutral investor. B. place less focus on expected return than the risk-neutral investor. C. place more focus on expected return and less on return than the risk-neutral investor. D. offer the same price for an investment as the risk-neutral investor.
During the U.S. recession of 1980-1982, the unemployment rate reached a high of ________ percent.
A. 7.6 B. 8.8 C. 10.7 D. 22.4