Export-led growth policy involves:
A. encouraging private investment in industries that currently export goods, rather than those expanding domestically.
B. favoring industries that export goods over those that only produce domestically consumed goods through high tariffs.
C. discouraging imports with high tariffs.
D. investing heavily in industry through tax breaks and export subsidies with the aim of selling goods around the world.
Answer: D
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A tax of 20 cents per unit of imported garlic is an example of a(n)
A) specific tariff. B) ad valorem tariff. C) nominal tariff. D) effective protection tariff. E) a disadvantageous tariff.
Suppose you have two clients who need your services for two years. One agreed to pay you $50,000 one year from now and another $50,000 in two years while the other paid $35,000 after one year, but $65,000 after two years
Assuming an interest rate of 10%, which one has a higher present value? Round off to the nearest dollar.
The expected effects of a tighter monetary policy are
a. lower real interest rates. b. exchange rate depreciation. c. lower inflation. d. All of the above are correct.
If the supply of labor decreases, which of the following events will occur?
A. The wage rate will increase and firms will increase employment up until the point where MRP equals the new wage rate. B. The wage rate will fall and firms will increase employment up until the point where MRP equals the new wage rate. C. The wage rate will fall and firms will decrease employment to the point where MRP equals the new wage rate. D. The wage rate will increase and firms will decrease employment to the point where MRP equals the new wage rate.