Why do governments in less-developed nations impose tariffs?
A) The nation's total income will be increased.
B) The government gains revenue from the tariff.
C) The government diversifies its economy.
D) The national security of the country definitely is improved.
E) The government's low-paid workers are protected from high-paid foreign workers.
B
You might also like to view...
High-income industrial nations such as the United States and Japan tend to have their highest tariffs in
A) newer, high-technology manufacturing industries. B) capital-intensive, diversified manufacturing. C) agriculture, clothing, and textiles D) Both A and B. E) None of the above.
John Maynard Keynes was the author of
a. An Economic History of the Great Depression. b. The General Theory of Employment, Interest, and Money. c. The Wealth of Nations. d. The Principles of Political Economy and Taxation. e. Macroeconomic Policy.
Which of the following would be most indicative of a shift to a more restrictive monetary policy?
a. Rapid expansion in the monetary base, higher short-term interest rates, and a decline in the growth rate of the M1 money supply. b. Rapid expansion in the monetary base, declining short-term interest rates, and an increase in the growth rate of the M2 money supply. c. A reduction in the monetary base, higher short-term interest rates, and a decline in the growth rate of the M2 money supply. d. A reduction in the monetary base, lower short-term interest rates, and a decline in the growth rate of the M1 money supply.
The slope of a straight line
A. must first increase then decrease. B. is constant. C. is always positive. D. is not constant.