In the 1930s the United States charged an average tariff rate
A) that cut its exports to other countries by 50 percent.
B) that exceeded 50 percent.
C) that was less than its average tariff rate in 2007.
D) that was less than 2 percent.
B
You might also like to view...
What effect would an increase in the price of pork have on the demand for beef?
A) It would decrease the demand for beef. B) It would decrease the demand for beef only if the demand for beef is elastic. C) It would increase the demand for beef. D) It would increase the demand for beef only if the demand for beef is inelastic. E) It would have no effect, because a change in price affects only the quantity demanded, not the demand.
The optimal collective decision rule _____
a. will be 100 percent if collective decision-making costs are high b. will be simple majority rule if external costs are extremely large c. has declining external costs as voting rule moves from unanimity d. is likely to be less than majority rule