Suppose the automobile industry can import 10% of the total quantity demanded of cars in the U.S. This is an example of a(n) ________.
A. import tax
B. tariff
C. quota
D. trade limit
Answer: C
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If consumption is greater than income, saving must be negative
a. True b. False Indicate whether the statement is true or false
Opportunity cost can always be measured in money terms
a. True b. False Indicate whether the statement is true or false
Coins and paper money are:
A. credits of commercial banks and savings institutions. B. debts of the federal government and government agencies. C. credits of the federal government and government agencies. D. debts of commercial banks and savings institutions.
Sources of ________ include larger industry size resulting in lower production costs.
A. external diseconomies of scale B. external economies of scale C. internal diseconomies of scale D. internal constant returns to scale