When import quotas are imposed by a government
A. the supply of the product on the domestic market increases.
B. the domestic producers always lower the prices of their products to ensure that their products are sold.
C. the government is trying to discourage consumers from buying foreign-made goods.
D. the price ceiling for the product has to be lowered.
Answer: C
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In January 2001, the euro/dollar exchange rate was 1.10, and in January 2002, the euro/dollar exchange rate was 1.120 What happened to the exchange rate during this period?
A) Euro appreciated against the dollar. B) Euro depreciated against the dollar. C) Dollar appreciated against the euro. D) Both B and C.
Housing assistance is obtained by all these below the poverty line
Indicate whether the statement is true or false
The GDP does not measure
a. moving costs. b. external costs. c. depreciation costs. d. military costs.
The Taft-Hartley act allows the president to call for an 80-day "cooling-off" period if a strike imperils the ___________.
Fill in the blank(s) with the appropriate word(s).