Author Question: If Canada imposes a tariff on bananas and if none are grown in Canada, this tariff has A) only ... (Read 154 times)

kodithompson · **on:** Jun 30, 2018

If Canada imposes a tariff on bananas and if none are grown in Canada, this tariff has

A) only revenue effects.
B) only protective effects.
C) both protective and revenue effects.
D) neither protective nor revenue effects.

Question 2

An increase in the world relative demand for U.S. output causes

A) a short-run real depreciation of the dollar against the euro.
B) a long-run real appreciation of the dollar against the euro.
C) a long-run real depreciation of the dollar against the euro.
D) a short-run real appreciation of the euro against the dollar.
E) a long-run real appreciation of the euro against the dollar.