Germany placed a limit on the amount of beer that can be imported into Germany. This is an example of
A. an export subsidy.
B. a tariff.
C. dumping.
D. a quota.
Answer: D
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The purchase of government bonds by the Fed leads to a(n)
A) increase in the demand of bonds and a decrease in the price of bonds. B) increase in the supply of bonds and a decrease in bond prices. C) decrease in the demand of bonds and an increase in the price of bonds. D) decrease in the supply of bonds and an increase in bond prices.
If the government decides to impose a new tariff on orange juice from Brazil, the tariff would lead to ________ the tariff revenue collected by the U.S. government
A) no change in B) an increase in C) a decrease in D) an elimination of E) making illegal
Compared to a system of fixed exchange rates, currency unions are beneficial because they
A. reduce the costs of trading goods and assets. B. allow every country to have an independent monetary policy. C. restrict what countries can do with fiscal policy. D. allow exchange rates to float.
In which of the following groups of people in the U.S. would the incidence of poverty be the greatest?
A. Black families with a female head B. All families of seven or more members C. Farmers and farm laborers D. Families whose head is age 65 or over