If quota rights accrue to foreigners, then the domestic economy is better off with a quota than with a tariff
Indicate whether the statement is true or false
false
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A numerical limit imposed by a government on the quantity of a good that can be imported into the country is called a
A) barricade. B) quota. C) tariff. D) quantity floor.
If the economy were producing at point D and moved to point C the opportunity cost in terms of lost production of outboard motors would be
A. 2 units of outboard motors.
B. 4 units of outboard motors.
C. 12 units of outboard motors.
D. 11 units of robots.
Referent power is the same as
a. laissez faire leadership b. charismatic leadership c. peer pressure d. expert leadership
Possible explanations that have been offered for the Great Moderation experienced in the United States include all of the following except:
A. better understanding and use of monetary policy. B. economies that have become more flexible in absorbing shocks. C. good fortune. D. calm financial markets.