Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, will leave the country as a whole
A) worse off than a comparable tariff.
B) not as bad off as a comparable tariff.
C) about the same as a comparable tariff.
D) Any of the above can be true.
A
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Currency and bank deposits that are denominated in foreign money are called:
a. traveler's checks. b. international funds. c. foreign exchange. d. foreign remittances. e. international bonds.
Investment equals inventory investment added to
A) business purchases of new capital goods. B) purchases of new residential housing. C) fixed investment. D) business purchases of new capital goods and purchases of new residential housing. E) either c or d
In the United States, government-imposed price supports are most often associated with
A. industrial products. B. consumer electronics. C. agricultural products. D. high tech products.
________ portion of actual world trade patterns results from different factor endowments between countries.
A. No B. A significant C. A small D. A negative