From the perspective of consumers, a quota is preferred to a tariff.
Answer the following statement true (T) or false (F)
False
Economics
You might also like to view...
Economic models must be tested with data to see if they are correct.
Answer the following statement true (T) or false (F)
Economics
If marginal utility of apples is diminishing and is a positive amount, consuming one more apple will cause
A) a consumer to go beyond her optimal consumption of apples. B) total utility to decrease. C) a consumer to get no satisfaction from consuming apples. D) a consumer's total utility to increase.
Economics
What group is committed to lowering trade barriers between nations?
a. United Nations b. European Union c. World Trade Organization d. OPEC
Economics
The formula to compute the spending multiplier is:
A. 1 / (MPC + MPS). B. 1 / (1 ? MPC). C. 1 / (1 ? MPS). D. 1 / (C + I).
Economics