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Author Question: An important difference between tariffs and quotas is that tariffs A) raise the price of the ... (Read 152 times)

cartlidgeashley

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on: Jun 30, 2018
An important difference between tariffs and quotas is that tariffs
 
  A) raise the price of the good.
  B) generate tax revenue for the government.
  C) stimulate international trade.
  D) help domestic producers.
  E) are paid by foreign producers.

Question 2

The Balance of payments is always balances. Discuss.
 
  What will be an ideal response?


Shshxj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

True. Every international transaction automatically enters the balance of payments twice, once as a credit and once as a debit.
Current account + financial account + capital account = 0


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