Most tariffs have
| A. | only revenue effects |
| B. | only protective effects |
| C. | both protective and revenue effects |
| D. | neither protective or revenue effects |
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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 |
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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 |
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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 |
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Option: C Explanation : Click on Discuss to view users comments. |
