Roughly ________ of the increased prices of Japanese automobiles during the 1980s was due to the voluntary export restraints.
a. 25%
b. 35%
c. 50%
d. 95%
Answer: b. 35%
Economics
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The percentage return on a loan expressed in terms of goods and services is the
A) real wage rate. B) CPI interest rate. C) real interest rate. D) nominal wage rate. E) nominal interest rate.
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The imposition of a tariff will typically ________ government revenue and ________ domestic production of the good
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) increase; not change
Economics