The United States places a limit on the number of cars that can be brought into the country for sale. What is this an example of?
(A) A voluntary export restraint
(B) A customs duty
(C) A tariff
(D) An import quota
Ans: (D) An import quota
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Auto and steel workers commonly experience this type of unemployment in a recession
A) frictional unemployment B) cyclical unemployment C) structural unemployment D) natural unemployment rate
Mid-1960s amendments to the Social Security Act created
a. managed care. b. Medicare and Medicaid. c. major medical insurance. d. Blue Cross and Blue Shield. e. tax exemptions for health insurance as an employee benefit.
Based on the demand curves for perfectly competitive firms and monopolists, the monopolist loses the profit in area C when it ______.
a. raises prices by one more unit
b. increases output by one more unit
c. sells one more unit at the same price
d. sells one less unit at the same price
An action taken by one company to buy a controlling interest in the coming stock of another company
What will be an ideal response?