A quota is a numerical limit on the quantity of a good that can be imported
Indicate whether the statement is true or false
TRUE
Economics
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A bank can only fail if it is not in good financial health
a. True b. False
Economics
Which of the following is correct?
a. the Gini coefficient is a measure of income inequality based on the Lorenz curve b. developed countries tend to have a higher degree of income inequality than less developed countries c. both of the above d. neither of the above
Economics
The market produces too little of a good with ______.
a. adverse selection b. negative externalities c. positive externalities d. asymmetric information
Economics
If a perfectly competitive firm's average total cost curve is below its demand schedule at any level of output, then the firm will earn ________ profits.
A. break-even B. negative C. zero D. positive
Economics