In comparing tariffs and quotas, we know that
A) neither raises revenues for the federal government.
B) both raise revenues for the federal government.
C) tariffs raise revenues for the federal government, while quotas do not.
D) quotas raise revenues for the federal government, while tariffs do not.
C
Economics
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If the cost of a market basket is $200 in 2006 and $230 in 2007, the price index for 2007 using 2006 as the base year is
A. 1.00. B. 1.15. C. 1.30. D. 2.00.
Economics
Suppose that domestic investment in Japan is 20.2% of GDP, and Japanese national savings is 24% of GDP. What is Japan's foreign investment as a percentage of GDP?
A) 1.19% B) 3.8% C) 27.8% D) 44.2%
Economics