A tax of 20 percent per unit of imported garlic is an example of a(n)

A) specific tariff.
B) ad valorem tariff.
C) nominal tariff.
D) effective protection tariff.
E) a disadvantageous tariff

B

Economics

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Which of the following is true?

A. Frictional unemployment implies a lack of available jobs. B. During a recession, cyclical unemployment will be low. C. When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment. D. When actual GDP equals potential GDP, the actual unemployment rate will equal the economy's natural rate of unemployment.

Economics

Refer to the information provided in Table 14.6 below to answer the question that follows. Table 14.6B's Strategy ?AdvertiseDon't Advertise??A's profit $150 millionA's profit $400 million?AdvertiseB's profit $150 millionB's profit $100 millionA's Strategy????Don'tA's profit $100 millionA's profit $200 million?AdvertiseB's profit $400 millionB's profit $200 millionRefer to Table 14.6. If both firms follow a maximin strategy, the equilibrium in the game is

A. (Don't Advertise, Don't Advertise). B. (Advertise, Advertise). C. (Don't Advertise, Advertise). D. (Advertise, Don't Advertise).

Economics