In effect, tariffs on imports are:
A. special taxes on domestic producers.
B. subsidies to domestic consumers.
C. subsidies to foreign producers.
D. subsidies for domestic producers.
D. subsidies for domestic producers.
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Jessica paid $6,200 for a bond with a face value of $6,000. She will be paid $350 annually as long as she holds on to the bond, until the bond's maturity date. The yield on the bond is
A. 5.6 percent. B. 5.8 percent. C. 15.6 percent. D. 2.0 percent.
The wealth effect explains the:
A. downward-sloping aggregate demand curve. B. upward-sloping aggregate demand curve. C. downward-sloping aggregate supply curve. D. upward-sloping aggregate supply curve.
The highest unemployment rate we experienced since the Great Depression was in
A. 1973. B. 1982. C. 1990. D. 2001.
If the Fed's primary goal is price stability which macroeconomic variable should it target?
A) the price level itself or a particular rate of change in the price level B) the growth rate of money supply C) the real money supply D) real GDP