An tax on imported commodities is known as a(n):
Quota
Tariff
Export restriction
Price
Tariff
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In 2008, foreclosures reached a record high. Which of the following is NOT a possible reason for foreclosures?
A) Many mortgages were initiated without a down payment. B) Many mortgages were initiated on secondary and investment homes. C) Some mortgages were adjustable rate mortgages which might have dramatically increased monthly payments for some. D) Property values were increasing too fast.
During the late 1990s, the rapid advancement of computing and internet applications increased the remuneration received by computer engineers significantly above that of civil or mechanical engineers. This wage differential was created by: a. a labor union
b. efficiency wages. c. labor shortages. d. discrimination.
Because a government budget deficit represents
a. negative public saving, it increases national saving. b. negative public saving, it decreases national saving. c. positive public saving, it increases national saving. d. positive public saving, it decreases national saving.
Economists consider the long run as a period of more than one year.
Answer the following statement true (T) or false (F)