Which of the following is most likely to discourage international trade?
A) Higher import tariffs B) Higher export subsidies
C) Lower interest rates D) Lower income tax rates
Industria is predominantly a producer and exporter of manufactured goods. However, it imports several agricultural products.
A
You might also like to view...
In setting the price of its product, a monopolistic competitor sets the price equal to its marginal cost plus an amount called the
A) markup. B) profit. C) rent. D) menu cost.
When _____, we are at the optimal amount of pollution
a. pollution is at zero b. pollution is equal to the amount produced in an unregulated market c. the total cost of pollution is equal to the total cost of pollution abatement d. the marginal cost of pollution is equal to the marginal cost of pollution abatement
Refer to the following graph.
The massive increase in defense spending is best represented by the:
A. AD curve shifting from AD1 to AD0. B. SAS curve shifting from SAS0 to SAS1. C. SAS curve shifting from SAS1 to SAS0. D. AD curve shifting from AD0 to AD1.
Which statement is true?
A. The federal personal income tax is a proportional tax. B. The cigarette tax is an excise tax. C. The tax on gasoline is a direct tax. D. None of these statements are true.