Which of the following tools of commercial policy yields a revenue to the government?
a. Quota
b. Tariff
c. Export subsidy
d. Government procurement policy
e. Health and safety standards
b
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Using a model of imperfect competition, economist Daniel Trefler concluded that the North American Free Trade Agreement:
a. cost Canada more than 100,000 jobs that were never replaced. b. presented no real issue about job loss in Canada. c. caused Canada to lose 5% of jobs in manufacturing because Canadian tariffs had to be cut, but over time the trade agreement created higher productivity and more jobs to offset losses. d. created new jobs in Canada from day one, as firms sold across the border and undercut U.S. firms.
The above table shows production points on Sweet-Tooth Land's production possibilities frontier. A movement from ________ represents the greatest opportunity cost of increasing cola production
A) point E to point D B) point D to point C C) point C to point B D) point B to point A