One means of enforcing a quota is to require importers to ________.
A. obtain a license
B. pay a sales tax
C. obtain a sales permit
D. pay an import tax
Answer: A
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Anything that influences a good's price or the marginal physical product of labor will influence wages
a. True b. False Indicate whether the statement is true or false
How did people like Mark Zuckerberg of Facebook and the late Steve Jobs of Apple become so rich?
a. mostly by stealing from those who were less fortunate b. by acquiring more years of schooling than almost anyone else c. by obtaining large subsidies from powerful politicians d. by providing highly valued goods and services to consumers at attractive prices
If net external wealth increases for firms, it could ____ their ability to borrow and expand.
A) cut off completely B) increase C) decrease D) have no effect
The additional utility or satisfaction that one derives from consuming one more unit of any good or service is referred to as
A) total utility. B) diminishing utility. C) average utility. D) marginal utility.