An import quota is an example of

A) a price ceiling.
B) a price floor.
C) a queuing device.
D) a quantity restriction.


D

Economics

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If two goods are complements, then their

A) indifference curves are positively sloped straight lines. B) indifference curves are negatively sloped straight lines. C) indifference curves are L-shaped. D) marginal rate of substitution is infinity.

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One common mistake in applying the demand and supply framework is to confuse:

a. the shift of a demand or supply curve with movement along a demand or supply curve. b. whether the supply or demand curve is impacted by the change. c. the increase in demand with a shift in the supply curve. d. the increase in supply with a shift in the demand curve.

Economics

The total quantities of goods and services that firms in the economy are willing to supply at varying price levels is

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Economics