What is a quota?
What will be an ideal response?
A quota is a limit on the quantity of imports.
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One of the most important changes in the composition of the labor force in the United States has been
A. the major increase in the number of workers who work full-time out of their own homes. B. the drop in the number of men who only work part-time. C. the pattern of increase in the number of women in the labor force. D. the increase in the ratio of male workers to female workers. E. the major increase in the number of men who work in other countries.
The following is not an appropriate way to tell whether two variables are cointegrated:
A) see if the two variables are integrated of the same order. B) graph the series and see whether they appear to have a common stochastic trend. C) perform statistical tests for cointegration. D) use expert knowledge and economic theory.
Under perfect price discrimination,
a. equilibrium quantity and consumer surplus are the same as under perfect competition b. equilibrium quantity is greater and consumer surplus is the same as under perfect competition c. equilibrium quantity and consumer surplus are less than under perfect competition d. equilibrium quantity is the same but consumer surplus is less than under perfect competition e. equilibrium quantity is less but consumer surplus is the same as under perfect competition
The Argentinian crisis of 2001 was characterized by:
A. international investors losing confidence and shifting the demand for loanable funds to the right. B. government debt becoming more expensive, shifting savings to the left. C. increasing interest rates. D. All of these statements are true.