A quota is a restriction that allows women and minorities to import a certain percentage of imports.
Answer the following statement true (T) or false (F)
False
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The federal government debt as a percentage of GDP fell
A) from 1980-1992. B) from 2002-2007. C) during the Great Depression. D) during World War I and World War II. E) from 1998-2001.
The term "shortage" refers to a:
A. situation in which the quantity supplied is less than the quantity demanded. B. situation in which the quantity demanded is less than the quantity supplied. C. market in which goods have to be sold quickly or the goods tend to rot or otherwise expire. D. signal that producers need to decrease the price of the good.
Critics argue that society is depleting its energy resources far too quickly. The most likely explanation for this behavior is that
a. firms try to avoid making irreversible decisions about resource depletion. b. investors expect interest rates to fall continuously in the future. c. individuals tend to value their own well-being more highly than the well-being of future generations. d. people do not have what Pigou called a "defective telescopic faculty."
An increase in the fertility rate of a country's population will shift the labor supply curve to the right
a. True b. False Indicate whether the statement is true or false