Question 171

Before Britain joined the EU, most lamb imports came from New Zealand, the cheapest lamb producer.
However, when Britain joined the EU the common external tariff made it more expensive to import lamb from New Zealand than from countries inside the union, thus France became the majority exporter of lamb to the UK. This is an example of:
  • Question 172

    Brad, the president and controlling shareholder of ABC clothing company, decides to accept a proposed tender offer and sell the family business at a price almost double the market price of its shares.
    He describes this decision to his sister, who is ABC's treasurer, who conveys it to her daughter, who owns stock in the company, who tells her husband Ed. Ed however, tells his stockbroker Darren who immediately buys ABC's stock for Ed. Who has violated Standard II (A) - Material non-public information?
  • Question 173

    Which of the following is an unsecured promissory note issued by corporations?
  • Question 174

    Paul spends $100 per month on books whether their price rises or falls. His price elasticity of demand for books is (in absolute value):
  • Question 175

    An import quota: