A tax levied on imported goods is called
What will be an ideal response?
a tariff.
You might also like to view...
Would each of the following groups be happy or unhappy if the Mexican peso appreciates against the U.S. dollar? Answer the question for each of the following:
(a) The U.S. pension funds holding Mexican government bonds (b) U.S. tourists planning a trip to Mexico (c) Mexican exporting manufacturers (d) A Mexican firm trying to buy properties overseas
The price of a first-class stamp in 1957 was 3 cents, and it is 47 cents in 2016. From this we know that
A) both the relative and the absolute price of first-class stamps increased from 1957 to 2016. B) the money price of first-class stamps increased from 1957 to 2016 but the absolute price of first-class stamps stayed constant. C) the money price of first-class stamps increased from 1957 to 2016 and the relative price of first-class stamps decreased. D) the money price of first-class stamps increased from 1957 to 2016, but we can't tell if the relative price of first-class stamps increased or decreased without more information.
A fixed exchange rate may be changed at some point over time.
Answer the following statement true (T) or false (F)
From 2004 to 2013, global foreign exchange trading almost tripled.
Answer the following statement true (T) or false (F)