If a commodity X is subject to an import duty of 25% ad valorem, the nominal tariff is _________.Select one:a.0.5b.0.25c.0.125d.0.025

…...................is the value of one currency for the purpose of conversion to another.Select one:a.Exchange Rateb.Trade Tariffsc.Inflationd.None of these

Direct restrictions on the quantity of some good that may be imported into a country are known as:Question 5Select one:a.None of the aboveb.Ad valorem tariffsc.Specific tariffsd.Tariff rate quotas

This is as a source of revenue for the government and for the protection of domestic producers. a. import Tariff b. Import Duty c. Customs Duty d. Import Tax e. All of the above

Tariffs levied as a fixed charge for each unit are known as:Question 9Select one:a.None of the aboveb.Specific tariffsc.Tariff rate quotasd.Ad valorem tariffs

Suppose the Australian dollar floats against the US dollar and the demand for Australian dollars in the foreign exchange market is given by   𝑄=100−50𝐸  where Q denotes the quantity of AUD and  E denotes the nominal exchange rate expressed in USD per AUD.  The supply of Australian dollars is given by 𝑄=20+50𝐸 . What is the equilibrium nominal exchange rate?Group of answer choices0.801.001.201.50