Which of the following is an example of a trade restriction?
A) Japan places a tax on all Korean automobiles.
B) Domestic wine is more expensive than wine imported from Chile.
C) The United States, Canada, and Mexico sign the NAFTA agreement.
D) Consumers prefer German beer to domestic beer.
Answer: A
Economics
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Refer to the scenario above. What is the number of unemployed workers in the economy?
A) 1 million B) 2 million C) 3 million D) 4 million
Economics
For net present value calculations, the rate of return that one could earn by investing in another project with similar risk is known as the:
A) real interest rate. B) nominal interest rate. C) prime interest rate. D) opportunity cost of capital.
Economics