A tariff on imports affects foreign suppliers ____; a quota affects foreign suppliers ____
a. effectively, ineffectively
b. haphazardly, carefully
c. equally, capriciously
d. unfairly, fairly
e. unequally, unequally
c
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Which of the following is a stock?
A. Saving B. Income C. Wealth D. Consumption
What factors other than the wage rate influence the demand for labor? How is demand affected by changes in these factors?
What will be an ideal response?
The circular flow of income shows that GDP can be measured as the sum of wages, interest, rent, and profits received by households or total expenditures on goods and services by households, firms, government, and the rest of the world
Indicate whether the statement is true or false
Suppose the accompanying table describes the demand for a good produced by monopolist. PriceQuantity$101$92$83$74$65$56$47The monopolist's total revenue from selling 3 units is ________, and the monopolist's marginal revenue from selling the 3rd unit is ________.
A. $52; 1 B. $24; 6 C. $24; 8 D. $28; 8