________: a government tax imposed on goods or products entering a country
Fill in the blank(s) with correct word
Import tariff (duty)
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The elasticity measure that has been employed by the courts to assess the degree of market competition is
A. price elasticity of demand. B. income elasticity of demand. C. cross elasticity of demand. D. inverse elasticity of demand.
A price ceiling
A) is an illegal price. B) is the price that exists in a black market. C) is the maximum price that can legally be charged. D) Both answers A and B are correct. E) Both answers B and C are correct.
Goals have many attributes, which of the following is not a main characteristic or attribute?
a. Intensity b. Complexity c. Priority d. Procrastination
The number of CDs purchased increased by 50 percent when consumer income increased by 10 percent. Assuming other factors are held constant, CDs would be classified as:
a. social goods. b. normal goods. c. Giffen goods. d. inferior goods.