Which type of tariff is used to offset subsidies on exports entering the United States?
a. antidumping duties
b. countervailing duties
c. export duties
d. safeguard duties levied under the escape clause
Ans: b. countervailing duties
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What is the main role of a bank?
A. Serve as an intermediary between savers and borrowers B. Hold money in a safe for customers C. Invest in businesses D. Give out loans to customers
The net-export effect of contractionary monetary policy is
A) the appreciation of the value of the dollar and a resulting decrease of U.S. net exports. B) the depreciation of the value of the dollar and a resulting increase of U.S. net exports. C) the appreciation of the value of the dollar and a resulting increase of U.S. net exports. D) the depreciation of the value of the dollar and a resulting decrease of U.S. net exports.
The collection of laws, regulatory measures, and actions concerning a particular topic that originate with some body of government is called
A) fiscal policy. B) public policy. C) private policy. D) antitrust policy.
Which of the following is an advantage of having centralized ownership and responsibility for capital goods?
a. It allows firms to avoid the depreciation cost of capital equipment. b. It increases the capital per worker ratio. c. It spreads the investment risk associated with acquisition of capital goods. d. It resolves the problem of continuity.