When only a specified amount of a good can be imported into a country during a year, that good is subject to a(n)
A. subsidy.
B. tariff.
C. quota.
D. export restriction.
C. quota.
Economics
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At full employment there is no
A) unemployment. B) cyclical unemployment. C) avoidable unemployment. D) frictional unemployment. E) structural unemployment.
Economics
The reservation value of a seller reflects her ________
A) willingness to pay for using a resource B) marginal cost C) marginal revenue D) total cost
Economics
When does equilibrium occur?
a. when quantity supplied equals quantity demanded b. when demand equals supply c. when consumers buy as much of the good as they want d. when suppliers sell as much of the good as they want
Economics
As the number of firms in an oligopoly industry increases, the market moves closer to a __________ market
Fill in the blank(s) with correct word
Economics