A common tool for restricting trade through taxation is:
A. a tariff.
B. immigration restrictions.
C. international waters use policies.
D. quota.
A. a tariff.
You might also like to view...
In a perfectly competitive industry, firms are likely to:
A.) Exit when there are economic profits because they know the profits will not last. B.) Reduce the level of production when there are economic profits. C.) Enter when there are economic profits. D.) Enter when price is equal to the minimum average total cost.
In Figure 6.1, which area represents a recession? 
A. A B. B C. C D. D
Suppose people value clean air more as their incomes increase, then
A. the marginal benefit curve of pollution abatement to shift left, increasing the degree of air quality. B. the marginal cost curve of pollution abatement to shift left, increasing the degree of air quality. C. the marginal cost curve of pollution abatement to shift right, increasing the degree of air quality. D. the marginal benefit curve of pollution abatement to shift right, increasing the degree of air quality.
The Fed greatly increased the monetary base in 2009 and 2010 by purchasing assets in an attempt to boost the economy, while making it known that they intended on selling these assets once the economy showed signs of stability, and at the same time
keep a watchful eye on possible inflation. The Fed's inflation expectations would most likely be considered as ________, and the Fed was able to increase the monetary base without causing expected inflation to increase because their intentions and statements were generally considered ________. A) adaptive; not credible B) adaptive; credible C) rational; not credible D) rational; credible