A tariff
A. legally specifies maximum import or export ceilings.
B. increases allocative efficiency.
C. is a special tax applied only to internationally traded goods.
D. lowers the prices of imported goods.
C. is a special tax applied only to internationally traded goods.
Economics
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The rate of output at which the price level has no tendency to rise or fall is called the
A) natural rate of output. B) potential level of income. C) bliss point. D) efficient level of output.
Economics
A significant portion of the increase in state tax revenues from 1950 to 1970 was because _____
a. of high inflation b. of increased economic growth due to the Korean conflict c. many states adopted new tax bases they had previously not taxed d. increased property tax rates
Economics