In an inflationary environment, then over time
A) a specific tariff will tend to raise more revenue than an ad valorem tariff.
B) an ad valorem tariff will tend to raise more revenue than a specific tariff.
C) an optimum tariff will tend to raise more revenue than an escalating tariff.
D) a tariff quota will tend to raise more revenue than a specific tariff.
E) an import quota would raise more revenue than a specific tariff.
B
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If the Fed sells a T-bill to a commercial bank, how will this affect the money supply?
a. It will increase the money supply. b. It will increase bank reserves. c. It will decrease the money supply. d. It will have no effect on the money supply.
In an effort to stop the U.S. recession of 2007-2009, the federal government:
A. reduced taxes and increased government spending. B. imposed large tariffs on many imported goods to protect domestic jobs. C. raised interest rates to encourage greater business investment. D. avoided Keynesian policies because of the threat of inflation.