A restriction on the quantity of a good that can be imported into a country is a(n):
a. tariff. b. quota.
c. embargo. d. restricted exchange rate.
b
You might also like to view...
Which one of the following individuals is NOT counted as unemployed?
A) a recent college graduate currently without any employment and looking for her first full-time job B) a 35-year-old woman fired from her prior work because of poor performance and looking for another job C) a 50-year-old woman laid off from her former job because of a downturn in the company's sales and looking for another job D) a 22-year-old aspiring actress currently without any show business employment, but working temporarily as a waitress while she auditions for acting jobs
A regression model suffers from functional form misspecification if _____.
A. a key variable is binary. B. the dependent variable is binary. C. an interaction term is omitted. D. the coefficient of a key variable is zero.
Find equilibrium price and quantity.
Both Kate and John own saltwater taffy factories. Kate's factory has low fixed costs and high variable costs. John's factory has high fixed costs and low variable costs. Currently, each factory is producing 1,000 boxes of taffy at the same total cost. Complete the following statement with the correct answer. If each produces
A. less, the costs of Kate's factory will exceed those of John's factory. B. more, the costs of Kate's factory will exceed those of John's factory. C. less, their costs will be equal. D. more, their costs will be equal.