While some countries might be better off (in terms of social surplus) from the imposition of a tariff, the world overall is always worse off (in terms of social surplus) when import tariffs are imposed.
Answer the following statement true (T) or false (F)
True
Rationale: Large countries may be able to export a sufficient fraction of the burden of a tariff to raise social surplus within their countries, but restrictions on trade will always result in an overall increase in deadweight loss.
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Three-wheel cars made in North Edsel are sold for 5000 pounds. Four-wheel cars made in South Edsel are sold for 10,000 marks. The nominal exchange rate between the two countries is three marks per pound
The real exchange rate between the two countries is A) 0.50 three-wheel cars per four-wheel car. B) 0.66 three-wheel cars per four-wheel car. C) 1.50 three-wheel cars per four-wheel car. D) 2.00 three-wheel cars per four-wheel car.
About what percentage of bank assets is made up of cash items in 2012?
A) 8% B) 20% C) 37% D) 50%