A limit on the amount of avacados that can be imported into the United States is an example of
A. the rationing function of prices protecting United States avacado farmers.
B. an import quota.
C. a price floor set by the government.
D. a price ceiling set by government.
Answer: B
You might also like to view...
Inferior goods are low quality goods that people prefer to buy less of
a. True b. False Indicate whether the statement is true or false
The benefits received principle means those with the least ability to pay should be the ones to receive the benefits
a. True b. False Indicate whether the statement is true or false
Here is an excerpt form an editorial praising capitalism in The Economist: "It is competition that delivers choice, holds prices down, encourages invention and service, and (through all these things) delivers economic growth." To what type of competition does the writer refer? Is it the sort of competition that economists study? Explain
To an economist, a single market is associated with
A. a single group of closely related products. B. a specific building where trade takes place. C. all goods traded in a specific geographic region. D. all buyers living in a specific geographic location.