An import quota is a
A) tariff imposed on goods that are dumped in the country.
B) law that prevents ecologically damaging goods from being imported into a country.
C) market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
D) government-imposed restriction on the quantity of a specific good that can be imported.
D
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
If a negative externality results from the production of chemicals, an external cost is imposed on parties not directly involved in the market for the chemicals
a. True b. False Indicate whether the statement is true or false
The United States suffers more from strikes than Japan but fewer strikes than Canada
a. True b. False Indicate whether the statement is true or false
Who of the following would be counted as unemployed in Canada?
A) Vik, who has been staying at home watching "The Old and the Boring" soap opera, and not searching since he was laid off at the flour mill. B) James, who is a full-time student looking for a part-time job. C) Emmanuel, who lost his job at the steel plant when an automated assembly line was introduced six months ago, and has been job searching every day. D) Caitlin, who is 14 years old, and looking for a babysitting job. E) Youngmin, who is a part-time hamburger flipper looking for a full-time job.