If an import quota is imposed on imports of shrimp into the United States, U.S. consumers ________ and the U.S. economy will ________
A) gain; lose
B) gain; be unaffected
C) gain; gain
D) lose; lose
E) lose; gain
D
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Based on the figure above, if the firm produces 10 cans per day, the firm ________ maximizing its profit and is ________
A) is; incurring an economic loss B) is; making zero economic profit C) is; making an economic profit D) is not; incurring an economic loss E) is not; making zero economic profit
If the supply of loanable funds increases, what is the result for the equilibrium of the loanable funds market?
A) A surplus of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds. B) A surplus of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds. C) A shortage of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds. D) A shortage of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds.
________________ is defined as the application of the scientific method and materials to achieve objectives. Another definition is knowledge systematically applied to useful purposes
a. History b. The 4C Concept c. Technology d. Engineering
Why is the current U.S. tax-treatment of health insurance purchased through one's employer discriminatory?
a. Health insurance should not be a tax-deductible expense for anyone. b. The system gives preferential tax treatment to self-employed individuals. c. The system imposes higher taxes on the direct purchase of health insurance because it is not tax deductible. d. The system gives preferential tax treatment to people who purchase health insurance directly from a provider.