An example of a nontariff barrier is a:
A) limit on the total number of Honda automobiles imported from Japan.
B) regulation specifying that each imported Honda automobile must meet certain emission exhaust guidelines.
C) tax of $500 on each Honda automobile produced in the United States.
D) subsidy from the Japanese government of $500 for each Honda automobile imported into the United States.
Ans: B) regulation specifying that each imported Honda automobile must meet certain emission exhaust guidelines.
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When a firm has little ability to influence market prices it is said to be in
a. a thin market. b. a power market. c. a competitive market. d. a strategic market.
When Zane deposits $20,000 cash in his checkable deposit at the Citicorp and the Citicorp's desired reserves increase by $5,000, the desired reserve ratio is
A) 25 percent. B) 75 percent. C) 5 percent. D) 20 percent. E) $5,000.