The average level of tariffs on imported products charged by industrialized countries changed between 1946 and 1990
a. from 5 percent to 40 percent.
b. from 40 percent to 5 percent.
c. from 10 percent to 20 percent.
d. from 20 percent to 10 percent.
b. from 40 percent to 5 percent.
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The demand curve a monopolist uses in making an output decision is
a. the same as the demand curve facing a perfectly competitive firm b. vertical because there are no close substitutes for its product c. horizontal because there are no close substitutes for its product d. the same as the market demand curve e. perfectly inelastic
The collection of rent by landlords was opposed by
A. Pierre-Joseph Proudhon. B. Henry George. C. both Henry George and Pierre-Joseph Proudhon. D. neither Henry George nor Pierre-Joseph Proudhon.
In Figure 1 above if the economy were at Y3 then we would expect there to be:
A. an increase in consumption spending. B. a reduction in inventories. C. an increase in inventories. D. no change in inventories.
Financial account transactions occur
A) when an U.S. company purchases goods from a foreign company. B) because of cross-border flows of financial assets. C) when you move money from one U.S. bank to another U.S. bank. D) when an U.S. citizen purchases stock in an U.S. corporation.