A country that limits imports by requiring a lengthy inspection process is using
A. quotas.
B. tariffs.
C. subsidies.
D. non-tariff regulatory barriers.
Answer: D
You might also like to view...
The possibility that the managers of a corporation might not always act in the best interest of its owners is an example of the principal-agent problem
Indicate whether the statement is true or false
When banks fail during a financial crisis, ________
A) the removal of these weak institutions serves to strengthen the financial system B) the elimination of competitors is likely to spark a credit boom C) there is a loss of information that can cause the crisis to worsen D) surviving banks resort to financial engineering to retain customers
What is the difference between savings and investment?
What will be an ideal response?
Stanley Engerman's (1971) work on the economic impact of the Civil War (1861–1865) refuted a view sometimes called the Beard-Hacker thesis. This thesis holds that
(a) the Civil War (1861–1865) held back the ongoing processes of industrialization. (b) the Civil War (1861–1865) accelerated the ongoing processes of industrialization. (c) the Civil War (1861–1865)'s demands for manufactured goods increased American long-term dependency on foreign trade. (d) the Civil War (1861–1865) was more disruptive of the "westward movement" than it was of ongoing processes of industrialization.