A tariff is
A. a government imposed restriction on the quantity of a specific good that can be imported into the country and sold.
B. a subsidy on domestically produced goods.
C. the difference between the world market price and the domestic price when a group of firms in an industry collude successfully.
D. a tax on imported goods.
Answer: D
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The interest rate banks charge other banks for overnight loans is
A) the federal funds rate. B) targeted by the FDIC. C) higher than interest rates for securities and loans. D) lower than interest rates for loans, but higher than interest rates for securities.
What is the expected dollar rate of return on dollar deposits if today's exchange rate is $1.10 per euro, next year's expected exchange rate is $1.165 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%?
A) 10% B) 11% C) -1% D) 0% E) 15%
Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.
In 2015, Medicare cost taxpayers
A. $2 trillion. B. $2 billion. C. $630 billion. D. $2 million.