Import quotas are:
A. maximum limits on the quantity or total value of specific products imported to a nation.
B. excise taxes or duties placed on imported products.
C. licensing requirements, unreasonable quality standards, and the like designed to impede
imports.
D. government payments to domestic producers to reduce the world prices of exported goods.
A. maximum limits on the quantity or total value of specific products imported to a nation.
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The Federal Reserve System is an example of a ______ bank.
a. savings b. central c. foreign d. commercial
Which of the following do economists generally agree is an unacceptable method of bringing aggregate demand and supply into equilibrium?
A. Increases in the supply of money B. Inflation C. Deflation D. Increases in the government deficit
Which of the following is illegal according to the antitrust laws?
A. price discrimination based on cost differences B. price fixing C. vertical mergers D. output restrictions
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. Suppose John's utility from income is given in the figure. From this we would say that John is
A. risk-loving. B. risk-averse. C. a risk taker. D. risk-neutral.