Suppose the United States decides to impose a $1,000 tax on every Japanese minivan sold in the United States. This is an example of
a. a tariff
b. a subsidy
c. comparative disadvantage
d. the diversity of industry argument
e. a quota
A
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The current deficit minus net interest is called the
A) primary deficit. B) net current deficit. C) current surplus. D) primary current deficit.
In a Malthusian world, what event would improve temporarily the standard of living, as measured by output per capita?
A) a peace keeping mission B) an increase in violent crime C) a new mutation of germs D) a new sewer system
The measurements of business cycles tend to be exaggerated as a result of the GDP treatment of
a. services. b. perishable goods. c. government services. d. durable goods.
If people expect inflation to occur, they will make more consumption purchases today
Indicate whether the statement is true or false