Which of the following methods of restricting trade does NOT harm the overall economy?
A) a voluntary export restraint
B) a tariff
C) a quota
D) Both answers A and B are correct.
E) None of the above answers is correct because all the methods harm the overall economy.
E
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An insolvent bank is one that owes more money to its depositors than it has in cash, loans, and other assets
Indicate whether the statement is true or false
In the above figure, if a subsidy is granted that generates an efficient allocation of resources, then the output level will be
A) zero. B) 50 units per week. C) 150 units per week. D) 250 units per week.
If the population increases and input prices increase, the equilibrium price of a product will definitely increase
Indicate whether the statement is true or false
The tendency of many economic variables to move together in a predictable way over the business cycle is called
A) recurrence. B) persistence. C) comovement. D) inflation.