One means of enforcing a quota is to require importers to ________.
A. pay a sales tax
B. pay an import tax
C. obtain a sales permit
D. obtain a license
Answer: D
You might also like to view...
If the risk associated with a particular outcome is ________, or the value of a particular outcome is ________, then cost-benefit analysis might lead people to take precautions that are not cost-justified
A) overestimated, overestimated B) overestimated; underestimated C) underestimated; overestimated D) underestimated; underestimated
Which of the following statements is true of equilibrium?
A) Economic agents have an incentive to divert from equilibrium. B) Each economic agent can reach equilibrium irrespective of the actions of others. C) In equilibrium, the opportunity cost of the choices made by each economic agent is zero. D) In equilibrium, all economic agents are choosing the best feasible option simultaneously.
If demand is elastic, an increase in price will increase total revenue.
Answer the following statement true (T) or false (F)
In 1950, Social Security benefits increased by over 50 percent
a. True b. False