Antidumping duties are a type of:
a. tariff.
b. quota.
c. export.
d. trade agreement.
Ans: a. tariff.
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The federal funds rate is
a. the Fed's discount rate b. the difference between the discount rate that the Fed charges banks and the primerate that banks charge their borrowers c. the interest rate on loans made by banks in the federal funds market d. the interest rate on loans made by the Fed in the federal funds market e. the interest rate banks pay to the Fed for belonging to the FDIC
Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.1Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost (Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)S0NA10 T1 9 U2 7 V3 4NAOn the basis Table 1.1, what is the opportunity cost of producing at point V rather than point U?
A. 4 Stealth bombers. B. 3 Stealth bombers. C. 3 B-1 bombers. D. 1 B-1 bomber.