Consider Figure 4.1. The tariff would be prohibitive (i.e., eliminate imports) if it equaled
a. $2.
b. $3.
c. $4.
d. $5.
d. $5.
You might also like to view...
When the finder of a lost property knows who the owner is and refuses to return it to him or her, ________.
A. the finder is liable to pay the owner the fair value of the property B. the finder will not be found guilty of conversion C. the finder will be found guilty of accession D. the finder is liable to revest the title of the property back to the owner
What are derivative instruments and how are they used?
A transaction is ________ while __________ is __________.
a. A cost/value/an asset b. An event/strategy/a sound plan c. A cost/strategy/long-term d. An event/strategy/a process
JKL Insurance Company reported the following information on its accounting statements last year:
Premiums Written $90,000,000 Loss Adjustment Expenses $5,000,000 Underwriting Expenses $30,000,000 Premiums Earned $100,000,000 Incurred Losses $70,000,000 What was JKL's loss ratio last year? A) 70.0 percent B) 75.0 percent C) 83.3 percent D) 90.0 percent