Suppose the United States sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n):
A. protective tariff.
B. revenue tariff.
C. voluntary export restriction.
D. import quota.
D. import quota.
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For an economy as a whole, net exports must equal minus one times net capital outflow
a. True b. False Indicate whether the statement is true or false
The theory of the communists could be summed up in a single phrase: ______________________________.
Fill in the blank(s) with the appropriate word(s).
At the core of the American trade problem is that
A. Americans spend too much on consumption. B. the dollar is too low. C. the Japanese are excluding American products by means of high protective tariffs. D. American manufacturers are too quality conscious and should instead concentrate on reducing costs.
Refer to the diagram. At the profit-maximizing output, total profit is:
A. efbc.
B. fgab.
C. egac.
D. 0fbn.