It is ______ that a tariff, unlike a quota, provides revenues to the government; it is ________ that a quota directly limits the quantity of a nation's imports from a specific country.
A. true; true
B. false; false
C. false; true
D. true; false
A. true; true
You might also like to view...
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Behaving strategically means:
A. evaluating decisions in which players act in their own self-interest, but the interplay of those decisions does not exist. B. acting to achieve a goal by withholding key information from the person with whom an exchange is being made. C. acting to achieve a goal by anticipating the interplay between your own and others' decisions. D. evaluating the impact of your choices on an uninvolved third party.
Short-run fluctuation in economic activity
What will be an ideal response?
Steady-state investment per worker is positively related to the capital-labor ratio because the higher the capital-labor ratio,
A. the less the economy needs to equip new workers with the same high level of capital. B. the greater the amount of resources available for capital investment. C. the more investment per worker is required to replace depreciating capital. D. the lower the capital depreciation rate.