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

Economics

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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.

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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

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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.

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If people expect inflation to occur, they will make more consumption purchases today

Indicate whether the statement is true or false

Economics