A tax on an imported product is called a
A) tariff.
B) quota.
C) dumping signal.
D) all of these choices.
A
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A patent protects an inventor's creation from being copied or stolen for a period of
A) 10 years. B) 20 years. C) 30 years. D) 50 years.
Which type of unemployment contributes to the natural rate of unemployment?
A. Real-wage unemployment B. Cyclical unemployment C. Unemployment of government workers. D. All of these contribute to the natural rate.
A proportional tax charges the same percentage of income, regardless of the size of income
a. True b. False Indicate whether the statement is true or false
On a typical budget constraint, the opportunity cost of food in terms of shelter is
A. the inverse of the opportunity cost of shelter in terms of food. B. Ps/Pf. C. Pf/Ps. D. zero.