To assist pineapple growers in Hawaii, the U.S. government decides to limit the number of pineapples allowed into the country that are grown in Central American countries. Such a restriction is called a(n)
A) import.
B) export.
C) quota.
D) tariff.
C
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Additional highway traffic
a. creates a positive externality b. creates a negative externality when a highway is congested c. creates a negative externality even if a highway is not congested d. is Pareto optimal e. requires a side payment
Figure 10-2
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In Figure 10-2, which segment of the aggregate supply curve has the largest multiplier effect?
A. AB B. BC C. CD D. DG
Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what is the level of output that would maximize its profits?
A. 2,000 B. 2,400 C. 2,800 D. 3,200
When there is a permanent increase in market demand in a constant-cost industry, a firm's Short-run Average Total Cost Curve will
a. shift down b. remain the same c. shift up d. become vertical