In 2015, imports represented:
A. about 15 percent of U.S. GDP.
B. about 1 percent of U.S. GDP.
C. about 40 percent of U.S. GDP.
D. nearly 70 percent of U.S. GDP.
A. about 15 percent of U.S. GDP.
Economics
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Refer to Figure 7-2. If the tariff was replaced by a quota which limited coffee imports to 20 million pounds, the amount of revenue received by coffee importers would equal
A) $5 million. B) $15 million. C) $50 million. D) $78 million.
Economics
Which is NOT a potential cost faced by nations that choose against repaying their debts?
A. A loss of foreign assets B. Domestic recession C. Moral hazard D. A loss of future creditworthiness
Economics