Refer to Figure 18.4. With a tariff or quota, what is the equilibrium price of gloves in Duckland?

A) $8 B) $9 C) $10 D) $11


C

Economics

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Which of the following countries is not a member of NAFTA?

A) Canada. B) The United States of America. C) Mexico. D) All three countries form part of NAFTA.

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_________________ —a term describing a good in which the quantity demanded falls as income rises and in which quantity demanded rises and income falls.

a. Complement good b. Inferior good c. Normal good d. Superior good

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Goods that are not rival in consumption include both

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