A tax of 20 cents per unit of imported garlic is an example of a(n)
A) specific tariff.
B) ad valorem tariff.
C) nominal tariff.
D) effective protection tariff.
E) a disadvantageous tariff.
A
Economics
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The depreciation of a currency may cause an initial worsening of the balance of payments before it improves. This is called the
A) J-curve effect. B) time value of money. C) Marshall Lerner condition. D) shock effect.
Economics
Why is the price of a scarce exhaustible resource in a competitive market above the marginal cost of providing a unit of the resource?
What will be an ideal response?
Economics