A production quota program:
A. places limitations on the quantity that individual consumers can purchase.
B. is a way to raise prices without causing the overproduction that occurs under a price support program.
C. is like a subsidy in that it reduces the price that buyers pay for a good.
D. places minimums on the quantity that individual firms must produce.
B. is a way to raise prices without causing the overproduction that occurs under a price support program.
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To boost economic growth the government most likely to:
A. increase intereste rates B. increase taxation rates C. provide incentives to invest D. provide incentives to save
Refer to the above data. This nation's exports are:
a. $9 billion b. $28 billion c. $16 billion d. $24 billion
?Exhibit 10A-1 Aggregate demand and supply model
As shown in Exhibit 10A-1 and assuming the aggregate demand curve shifts from AD1and AD2, the full-employment level of real GDP is:
A. ?$12 billion. B. ?$8 billion. C. ?$150 billion. D. ?unable to be determined.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90