Brazilian subsidies on its exports of furniture to the United States. Which type of tariff will be applied on U.S. imports of Brazilian furniture?
a. antidumping duties
b. countervailing duties
c. export duties
d. safeguard duties levied under Section 421 of the amended U.S. Trade Act of 1974
Ans: b. countervailing duties
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Natural resources, labor, human capital, physical capital, and entrepreneurship are all scarce economic resources privately or collectively owned by members of society. Where these scarce resources are used to produce goods or services, there is: (check all that apply)
a. no "free lunch" b. a cost is borne by society in utilizing these resources to produce any goods or services c. no opportunity cost d. no cost is borne by society in utilizing these resources to produce goods or services
Based on the neoclassical theory of investment, which aspect of a booming economy helps to explain the procyclicality of investment?
A) Tax revenues are likely to be rising. B) The real interest rate is likely to be rising. C) Capital goods are becoming more expensive. D) Financing constraints are likely to be relaxed for many businesses.
Bank runs are a possibility because
A) the FDIC is inefficient. B) bankers are often poor businesspeople. C) in difficult times people want currency instead of demand deposits. D) banks do not keep enough reserves to cover all their depository liabilities.
If the U.S. dollar appreciates, it means that
a. the domestic price level has declined. b. the domestic purchasing power of the dollar has decreased. c. fewer U.S. dollars are required to purchase foreign currencies. d. more U.S. dollars are required to purchase foreign currencies.