An import quota is:
A. a tax on the good or services that are imported.
B. a limit on the amount of a particular good that can be exported.
C. a limit on the amount of a particular good that can be imported.
D. None of these is true.
C. a limit on the amount of a particular good that can be imported.
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Rent controls
a. Is an example of price floors b. Is an example of price ceilings c. Destroy wealth by preventing the movement of apartments to higher-valued use. d. Both b and c
In the United States, the distribution of income after the income tax is ____ the distribution of income before the income tax
a. slightly less equal than b. about as equal as c. slightly more equal than d. a great deal more equal than
Macroeconomics would be concerned with
A) implications of changes in unemployment and inflation.
B) the effects on individual consumers of changes in the price of gasoline for a business.
C) the effects of a tax on beer.
D) the effects of wage increases on steel manufacturers.
Which of the following factors is not part of the current account (CA) of a country?
a) exports and imports b) income payments and receipts c) unilateral transfers d) purchase of foreign stocks