When does the domestic government gain the MOST revenue?
A) when it imposes a tariff
B) when it imposes an import quota
C) when it negotiates a voluntary export restraint
D) The amount of revenue it gains is the same with a tariff and a voluntary export restraint.
A
You might also like to view...
The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
A hypothesis is: a. a normative economic statement
b. a testable proposition. c. a statement that cannot be evaluated using real-world data. d. a model with no connection to the real world.
A financial services company may hire a professional athlete as a spokesperson because:
A. does not serve as a credible signal to consumers, since athletes are not often financial service experts. B. can signal to customers that the services are worse than they actually are. C. this can act as a credible signal to consumers that the company has a high quality product they are willing to spend money advertising. D. the athlete is more informed about financial services than the general public.
Which of the followings is not a bank's assets?
A) reserves B) loans C) government bonds D) checkable deposits