Nontariff barriers include which of the following?
A) Export subsidies, specific tariffs and restrictions at national borders
B) Export subsidies, ad valorem tariffs and price supports
C) Price supports, favorable credit terms for exporters, specific tariffs and ad valorem tariffs
D) Price supports, import quotas and favorable government credit terms
Answer: D
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The exchange rate of the Euro against the British Pound is currently:
(a) At parity. (b) Below parity. (c) Above parity. (d) Undefined.
If Robinson makes 40 purses or 5 wallets per week, and Chamberlin makes 16 purses or 2 wallets per week, then
A) neither Robinson nor Chamberlin stands to gain by specialization and exchange.
B) both would gain through exchange if Robinson specialized in purses, Chamberlin in wallets.
C) both would gain through exchange if Robinson specialized in wallets, Chamberlin in purses.
D) only Robinson would gain through specialization and exchange.
Which piece of legislation allowed states to pass right-to-work laws?
A) Wagner Act B) Landrum-Griffin Act C) Taft-Hartley Act D) National Industrial Recovery Act
The four main tools of monetary policy are:
A. tax rate changes, the discount rate, open-market operations, and the federal funds rate. B. tax rate changes, changes in government expenditures, open-market operations, and interest on reserves. C. the discount rate, the reserve ratio, interest on reserves, and open-market operations. D. changes in government expenditures, the reserve ratio, the federal funds rate, and the discount rate.