A(n) ________ is a tax on an imported good.
A. tariff
B. import quota
C. voluntary export restraint (VER)
D. export quota
Answer: A
Economics
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A recession occurs only if there are two consecutive quarters of declining real GDP
a. True b. False
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Which of the following does not contribute to the failure of the law of one price?
A. Technical specifications B. Transportation costs C. Tariffs D. Tastes are similar across countries
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