Import quotas are less damaging to an economy than are tariffs
Indicate whether the statement is true or false
FALSE
You might also like to view...
If the regulator wants to avoid any deadweight loss in a natural monopoly market, the regulator has the firm set its price equal to its
A) average fixed cost. B) average total cost. C) average variable cost. D) marginal cost.
Answer the following statements true (T) or false (F)
1) Disposable income measures the before-tax income received by resource suppliers. 2) NDP can be determined by adding taxes on production and imports to GDP. 3) If nominal GDP is 150 and the GDP price index is 200, real GDP is 75. 4) If real GDP is 50 and nominal GDP is 100, the GDP price index is 200. 5) Real GDP accounts for changes in product quality; nominal GDP does not.
Refer to the Article Summary. Implementing a negative interest rate policy, as was advocated by the president of the Federal Reserve Bank of Minneapolis, would be designed to ________ the price level and ________ real GDP
A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase
In March 2018, the United States filed a formal complaint with the World Trade Organization (WTO) alleging that China
A. violated restrictions on Chinese direct investment in the United States. B. engaged in unfair policies and practices regarding intellectual property rights. C. failed to comply with U.S. import licensing requirements. D. was dumping goods on U.S. markets.