The prohibitive tariff is a tariff that
A) is so high that it eliminates imports.
B) is so high that it causes undue harm to trade-partner economies.
C) is so high that it causes undue harm to import competing sectors.
D) is so low that the government prohibits its use since it would lose an important revenue source.
E) is so low that it causes domestic producers to leave the industry.
A
You might also like to view...
A study of the impact of various government policies on economic growth would be considered:
A. marginal economics. B. microeconomics. C. government economics. D. macroeconomics.
An increase in the money supply will appreciate a country's currency
Indicate whether the statement is true or false
Eurobonds are bonds that are
A) sold outside the borrowing corporation's home country. B) sold in Europe. C) money market instruments. D) almost always underwritten by a single bank.
An extra dollar into the Social Security trust fund _____
a. increases the assets of the federal government by a dollar b. decreases the assets of the federal government by a dollar c. has no impact on the assets of the federal government d. speeds up the time until insolvency of the trust fund