A quota has all of the following impacts except:
A. drive up prices.
B. create deadweight loss.
C. help poorer countries.
D. generate revenues for government.
D. generate revenues for government.
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A stock variable
a. measures a process that takes place over a period of time b. is used often used to measure the quantity demanded of a good at various prices c. is related to inventory controls d. measures a quantity in existence at a moment in time e. is a definition unique to economics
Define and distinguish between final goods and intermediate goods
What will be an ideal response?
The difference between the risk-free rate and the interest rate a particular investor has to pay is called the:
A. credit spread. B. risk premium. C. Both of these are true. D. Neither of these is true.
A strategy is called a pure strategy if it involves choosing ________
A) one particular action for a situation B) different combinations of actions for a situation C) an action that yields a higher payoff to the opponent D) an action that yields zero payoff to the player