The maximum amount of a good that may be imported during a specified period of time is
A. an import quota.
B. dumping.
C. comparative advantage.
D. an infant industry agreement.
Answer: A
You might also like to view...
If the income multiplier is 4 and the equilibrium national income level is $5,000 . then a $20 increase in aggregate demand at every level of national income will cause
a. the aggregate demand curve to shift to the right and national income to increase by $20 b. the aggregate demand curve to shift to the left and national income to increase by $20 c. the aggregate demand curve to shift to the right and national income to increase by $80 d. the aggregate demand curve to shift to the left and national income to increase by $80 e. an $80 movement along the existing aggregate demand curve
Two firms, A and B, each currently dump 50 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government will sell 40 pollution permits for $75 each. It costs Firm A $100 for each ton of pollution that it eliminates before it reaches the river, and it costs
Firm B $50 for each ton of pollution that it eliminates before it reaches the river. Neither firm produces any less output, but they both conform to the law. It is likely that between the cost of permits and the cost of additional pollution abatement, a. Firm B will spend $3,500. b. Firm A will spend $4,000. c. Firm A will spend $4,500. d. Firm B will spend $3,000.
if $3,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
a. $3,300,000 b. $3,000,000 c. $3,090,000 d. $2,910,000
Suppose the saving rate is initially less than the golden rule saving rate. We know with certainty that a reduction in the saving rate will cause
A) a reduction in the capital labor ratio. B) a reduction in output per worker. C) a reduction in consumption per worker. D) all of the above E) none of the above