A tax imposed on imported goods is
A. A tariff.
B. An embargo.
C. An example of fiscal policy.
D. A quota.
Answer: A
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Increased government borrowing stimulates private borrowing because of its effect on interest rates
a. True b. False Indicate whether the statement is true or false
An increase in the dollar price of the English pound will
A. increase the supply of dollars. B. decrease the supply of pounds. C. cause an increase in the pound price of the dollar. D. cause a decrease in the pound price of the dollar.
Which of the following will not cause a change in the demand for product A?
A. a change in the price of A B. a change in consumer incomes C. a change in tastes D. a change in the number of buyers
If the Federal Reserve buys $3 billion worth of Japanese yen, $6 billion of euros, and sells $5 billion of British pounds, how does this affect the balance of payments?
A) Falls by $4 billion B) Rises by $4 billion C) Rises by $9 billion D) Falls by $5 billion