Most tariffs have
A. | only revenue effects |
B. | only protective effects |
C. | both protective and revenue effects |
D. | neither protective or revenue effects |
Option: C Explanation : Click on Discuss to view users comments. |
Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement?
A. | capital |
B. | land |
C. | skilled labor |
D. | unskilled labor |
Option: D Explanation : Click on Discuss to view users comments. |
A tax of 20 cents per unit of imported cheese would be an example of a (an)
A. | Compound tariff |
B. | Effective tariff |
C. | Ad valorem tariff |
D. | Specific tariff |
Option: D Explanation : Click on Discuss to view users comments. |
Holder of European put option can
A. | Sell the asset on or before expiry |
B. | Sell the asset on or after expiry |
C. | Sell the asset on expiry only |
D. | Sell the asset before expiry only |
Option: C Explanation : Click on Discuss to view users comments. |