The Constitution of the United States expressly forbids :

The Constitution of the United States expressly forbids

A) import tariffs.
B) export tariffs.
C) import quotas.
D) export quotas.

Question 2 - Growth in per capita GNP in developing countries has tended to be much more variable in recent years than per capita GNP growth rates in industrialized countries.

Indicate whether the statement is true or false

Question 3 - The Constitution of the United States grants ________ the authority to regulate commerce and to impose tariffs.

A) Congress
B) the President
C) the Supreme Court
D) the U.S. Trade Representative

Question 4 - When a central bank sells bonds, cash reserves throughout the financial system increase, interest rates fall, and investment spending increases.

Indicate whether the statement is true or false

Question 5 - In the case of a small country, producer surplus

A) increases more with a tariff than with an equivalent quota.
B) increases more with a quota than with an equivalent tariff.
C) is not changed by tariffs or quotas.
D) increases the same with tariffs and equivalent quotas.
E) increases more with quotas.

Question 6 - A country's index of openness can never exceed 100 in value.

Indicate whether the statement is true or false

Question 7 - Contractionary fiscal policy attempts to shift aggregate demand to the right.

Indicate whether the statement is true or false

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The Constitution of the United States expressly forbids :

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