Based on the above, which figure shows the impact of a decrease in the population available to work?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
D
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A numerical limit imposed by a government on the quantity of a good that can be imported into the country is called a
A) barricade. B) quota. C) tariff. D) quantity floor.
If the economy is currently in equilibrium at a level of GDP that is below potential GDP, which of the following would move the economy back to potential GDP?
A) an increase in the value of the dollar relative to other currencies B) a decrease in business confidence C) an increase in wealth D) an increase in interest rates
Nonlinear price discrimination is
A) perfect price discrimination. B) quantity price discrimination. C) group price discrimination. D) two-part pricing.
The income that people earn is called
a. national income b. personal income c. disposable personal income d. transfer payments e. net national product