What is a tariff?
What will be an ideal response?
A tariff is a tax imposed by a government on imports.
Economics
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Assume that investment does not depend on the interest rate. A reduction in the money supply will cause which of the following for this economy?
A) no change in the interest rate B) no change in output C) a reduction in investment D) an increase in investment
Economics
If the U.S. purchases oil from Nigeria, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.
Economics