Public finance and international trade

Question 1 of 10

A tax whose rate falls as income rises is

Question 2 of 10

A tax on imported goods is a

Question 3 of 10

Selling goods abroad below their cost of production is

Question 4 of 10

Devaluation is most likely to improve the balance of payments if demand for exports is

Question 5 of 10

A tax that takes a higher percentage from higher incomes is

Question 6 of 10

A current account deficit can be financed by

Question 7 of 10

A country exports goods worth $5bn and imports $7bn, with net services of +$1bn. Its current account (ignoring transfers) is

Question 8 of 10

A J-curve effect describes how a devaluation

Question 9 of 10

The terms of trade improve when

Question 10 of 10

A tax on imported goods is called