What is an import quota?
a. a legal limit on the quantity of foreign goods imported
b. a tax assessed on foreign goods
c. a price limit on foreign goods
d. a contract to sell foreign goods to domestic retailers
a. a legal limit on the quantity of foreign goods imported
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Most of the Fed's liabilities are in the form of: a. Federal Reserve notes. b. checkable deposits
c. U.S. Treasury deposits. d. loans to member banks. e. certificates of deposit.
Which of the following is an example of the consequences that go well beyond commonly reported and narrowly defined "environmental" effects?
a. spread of pests b. polluted air c. extinct species d. damaged beaches
Policies designed to pay off the national debt will result in:
A. A smaller level of aggregate demand B. Inflation. C. A higher level of aggregate demand. D. A redistribution of income but not wealth.
Full marginal-cost pricing of water would lead to
a. More water use and higher water prices b. Less water use but no change in water prices c. Less water use and higher water prices d. Less water use and lower water prices e. More water use and lower water prices