Countervailing duties are:
a. applied to dumped imports.
b. applied to subsidized imports.
c. another name for safeguard duties.
d. not allowed under terms of the GATT.
Ans: b. applied to subsidized imports.
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Answer the following statement true (T) or false (F)
According to this Application, some economists noticed that the change in the value of the U.S
dollar was largely due to the change in interest rates, and the change in interest rates occurred because of the Fed's use of ________ to further stimulate the economy. A) quantitative easing B) open market purchases C) open market sales D) discount operations
Which of the following is a main characteristic of exchanges in the market system?
A) Decisions to trade are based on individuals' self interest. B) Exchanges are highly regulated by the government. C) Sellers hire economists to determine the market clearing price. D) Exchanges are part of the legislative imperative.
If the MPC increase, the equilibrium levels of income and consumption will change in which of the following ways?
A) No change/No change B) No change/Increase C) Increase/No change D) Increase/Increase E) Decrease/Decrease