How extensively does the United States use quotas?
A. Very little; there are few quotas on imports.
B. Selectively; there are more quotas than most people realize.
C. Widely; quotas are extensive and cover a wide range of goods.
D. Widely; although the United States prefers to use tariffs, which cover a wide range of goods.
Answer: A
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A table that shows the possible payoffs each firm earns from every combination of strategies by all firms is called
A) a payoff table. B) an earnings table. C) a strategic matrix. D) a payoff matrix.
Name the two international institutions that have been formed to attain higher rates of global economic growth and briefly discuss what each of the agencies does
What will be an ideal response?
Studies that compare the wages of more risky and less risky occupations estimate the value of a human life to be about
a. $1 million. b. $5 million. c. $10 million. d. $20 million.
Which of the following is NOT an important factor that affects the magnitude of the own price elasticity of a good?
A. Available substitutes B. Supply of the good C. Expenditure share D. Time