Which of the following statements is true?
A. If Switzerland imposes a "voluntary export restraint" on chocolate exports to the United States, the price of chocolate in the United States is likely to decrease.
B. If the United States imposes a tariff on Swiss chocolate imports, the price of chocolate in the Switzerland is likely to increase.
C. If the United States imposes a quota on Swiss chocolate imports, the price of chocolate in the United States is likely to increase.
D. all of the above
Answer: C
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Loans are: a. assets of banks, liabilities of borrowers. b. liabilities of banks, assets of borrowers. c. assets of banks and their borrowers
d. liabilities of banks and their borrowers.
The highest concentration ratio
A. is in Industry X.
B. is in Industry Y.
C. is in Industry Z.
D. cannot be determined.