Which of the following is the best example of a tariff?

A) a $5,000 per-car fee imposed on all sports utility vehicles imported into the United States
B) a limit imposed on the number of sports utility vehicles that the United States can import from Japan
C) a tax placed on all sports utility vehicles sold in the domestic market
D) a subsidy granted by the U.S. government to domestic sports utility vehicle manufacturers so they can compete more effectively with foreign sports utility vehicle manufacturers

A

Economics

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Buying at a low price in one market and reselling at a higher price in another market will

A) not generate any profit because of transactions costs. B) not generate any profit because of transportation costs. C) eventually eliminate all of the price differences. D) eventually eliminate most, but not necessarily all, of the price differences.

Economics

Describe two useful purposes served by speculators in derivatives markets

What will be an ideal response?

Economics