Refer to Table 2.4. Increasing the tanks of fertilizer from 3 to 4 will increase the truckloads of potatoes by
A) 152. B) 35. C) 17. D) 11.
C
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U.S. imports of sugar are limited by an import quota that, according to a study updated in 2013, imposed a total cost on American consumers close to $________, or an average cost of ________ per year for every man, woman, and child in the country
A) $3 billion; $10 B) $105 million; $3 C) $2 billion; $110 D) $3 billion; $2,000 E) $370 million; $2,000
A bank receives a demand deposit of $1,000 . The bank loans out $600 of this deposit and increases its excess reserves by $300 . What is the legal reserve requirement?
a. 10 percent b. 20 percent c. 30 percent d. 60 percent
Which of the following best describes gross domestic product (GDP)?
a. The market value of all inputs imported into a domestic economy to produce final goods and services during a period of time such as a year. b. The market value of all final goods and services produced in a nation during a period of time such as a year. c. The quantity of all goods and services produced in a nation during a period of time such as a year. d. The average price of all goods and services produced in a nation during a period of time such as a year.
Brazilian subsidies on its exports of furniture to the United States. Which type of tariff will be applied on U.S. imports of Brazilian furniture?
a. antidumping duties b. countervailing duties c. export duties d. safeguard duties levied under Section 421 of the amended U.S. Trade Act of 1974