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 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
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 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