A government-imposed restriction on the quantity of a good that can be imported is
A) an embargo.
B) a protective tariff.
C) a quota.
D) a health restriction.
C
You might also like to view...
Use the following graph to answer the next question.
If the price level is initially at P1, then the economy will adjust by:
A. reducing the price level. B. decreasing the GDP produced. C. increasing output produced. D. increasing the total output demanded.
The long-run average cost curve shows
A) the average cost of producing where diminishing returns are not present. B) the plant size or scale that the firm should build. C) the lowest average cost of producing every level of output in the long run. D) where the most profitable level of output occurs.
When money demand shifts, the Fed must choose between targeting the money supply and targeting the interest rate; it cannot target both
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.