Which of the following is not a tariff pattern of the major world traders?

A. overall tariff rates are relatively low
B. tariffs are higher in agriculture than in other industrial sectors
C. tariffs are higher to economically hostile countries
D. commonality in the sectors they protect most


Ans: C. tariffs are higher to economically hostile countries

Economics

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Economics

Suppose that Brazil is capital abundant and Chile is natural resource abundant. If timber is natural resource intensive and computers are capital intensive, then

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Economics

Productive efficiency means producing without:

a. cost. b. wages. c. waste. d. competition.

Economics

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Economics