At the time policymakers debated the Trans-Pacific Partnership, the United States imposed ________ on the value of imported shoes and shoe parts
A) tariffs of 1.5 to 12.5 percent B) tariffs of 95 percent
C) no tariffs D) tariffs of 25 to 67.5 percent
D
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The demand curve for U.S. dollars slopes downward because as the dollar ________ U.S. goods become ________ expensive to foreign residents, so they purchase fewer U.S. goods, and the quantity of dollars demanded decreases
A) appreciates; more B) appreciates; less C) depreciates; more D) depreciates; less
Which of the following government programs will create a surplus?
A. rent control B. the minimum wage law C. usury laws D. price controls on oil
The economy can be in equilibrium and in a recessionary gap simultaneously
Indicate whether the statement is true or false
In the following graph, the price of capital is $100 per unit. If a firm decides that total cost must not exceed $3,500, what is the maximum amount of output it can produce?
A. 1,000 B. 1,500 C. 500 D. 100 E. none of the above