What do Baack and Ray (1983) find in their survey of U.S. tariff history?
(a) Tariff rates in the U.S. were low.
(b) Tariff cuts were associated with the fast-growing industries.
(c) The highest tariff rates in the U.S. were associated with the fastest growing industries.
(d) The U.S. was a world leader in free trade policy.
(b)
Economics
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As the quantity of labor employed by a firm decreases, labor's ________ increases
A) marginal cost B) value of marginal product C) marginal revenue D) average cost
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The type of monetary policy regime that the Federal Reserve has followed From the 1980s up until the time Ben Bernanke became chair of the Federal Reserve in 2006 can best be described as
A) monetary targeting. B) inflation targeting. C) policy with an implicit nominal anchor. D) exchange-rate targeting.
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