An import quota:
A. limits the amount of a good that can be imported, thus decreasing prices.
B. limits the amount of a good that can be imported, thus increasing prices.
C. increases the amount of a good imported, thus decreasing prices.
D. increases the amount of a good imported, thus increasing prices.
Answer: B
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Infrastructure is capital provided by the private sector. True or False
The net-export effect of contractionary monetary policy is
A) the appreciation of the value of the dollar and a resulting decrease of U.S. net exports. B) the depreciation of the value of the dollar and a resulting increase of U.S. net exports. C) the appreciation of the value of the dollar and a resulting increase of U.S. net exports. D) the depreciation of the value of the dollar and a resulting decrease of U.S. net exports.
Explicit costs:
A. are variable in the short run. B. are fixed in the short run. C. measure the opportunity costs of the resources supplied by the firm's owners. D. measure the payments made to the firm's factors of production.
Given the aggregate demand curve, an increase in the supply of a productive resource will _____
Fill in the blank(s) with the appropriate word(s).