Nontariff barriers include which of the following?
A) Export subsidies, specific tariffs and restrictions at national borders
B) Export subsidies, ad valorem tariffs and price supports
C) Price supports, favorable credit terms for exporters, specific tariffs and ad valorem tariffs
D) Price supports, import quotas and favorable government credit terms
Answer: D
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A Chinese restaurant buys 10 cups of rice for $1; soy, fish and oyster sauces for $1 each; and assorted vegetables for $20. They create 10 meals with these ingredients and sell each one for $5. How much does this process contribute to GDP?
A. $27 B. $23 C. $73 D. $50
Taxes, tradable pollution permits, and direct regulation of pollution are all market approaches to dealing with pollution.
Answer the following statement true (T) or false (F)