What is an import quota?
What will be an ideal response?
An import quota is a government-imposed limit on the quantity of a good that can be imported.
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If High Tech Tablets brings a new personal tablet at a price of $200 for the first three months and then reduces the price of the tablet to $125, this is an example of ________.
A) first-degree price discrimination B) arbitrage C) market segmentation D) second-degree price discrimination
People can borrow and lend money to smooth out short term variations in income known as what kind of changes?
The size of the debt will begin to shrink if the federal government balances its budget.
Answer the following statement true (T) or false (F)
Supply-side economics is a short-run, countercyclical strategy.
Indicate whether the statement is true or false