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Author Question: Another name for an import duty is a(n): A) tariff. B) embargo. C) devaluation. D) quota. E) ... (Read 161 times)

brutforce

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on: Jul 14, 2018
Another name for an import duty is a(n):
 A) tariff.
  B) embargo.
  C) devaluation.
  D) quota.
  E) limitation.

Question 2

Suppose that last year it cost 1000 British pounds to buy an American-made bicycle from the United States Due to changes in the currency exchange rate, a few months later the same bicycle only cost 800 British pounds to purchase. This change:
 A) will likely have no effect on the number of these bicycles imported from the United States into Great Britain.
  B) will likely increase the number of exports of these bicycles to the United States.
  C) will likely increase the number of imports of these bicycles to Great Britain.
  D) will likely decrease the number of imports of these bicycles to Great Britain.
  E) will likely decrease the number of exports of these bicycles to the United States.


tofugiraffe

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  • Posts: 319
Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

C


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