If a country faces action under Section 301 of the U.S. Trade Act of 1974, it means that the country has
A) exceeded average import growth by more than 301 percent.
B) exceeded average export growth by more than 301 percent.
C) tariffs that are above 301 percent.
D) been charged by the United States with systematically engaging in unfair trade practices.
E) been charged by the WTO with violating its trade obligations.
D
Economics
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The responsiveness of demand to changes in income holding the good's relative price constant is
A) price elasticity of demand. B) income elasticity of demand. C) elasticity of supply. D) cross price elasticity of demand.
Economics
During a period when output and employment is falling, the government will try to:
A. Increase tax rates B. Increase interest rates C. Reduce government spending D. Stimulate borrowing and spending
Economics