A government-imposed restriction on the quantity of a specific good that may be imported to and sold in the United States is called a
A. reverse-trade system.
B. union trade system.
C. quota system.
D. tariff system.
Answer: C
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There are two equilibria in each of the following two-player games except
A) a prisoner's dilemma game. B) a pure coordination game. C) an assurance game. D) a battle of the sexes game.
Which form of business organization creates a separate legal being?
a. partnerships and proprietorships b. only proprietorships c. only partnerships d. only corporations e. corporations and partnerships
If the MPC = 0.75, MPS must be _______ and the income multiplier is _______
a. 0.25; 4 b. 0.25; 5 c. 0.75; 5 d. 1.50; 5 e. 4; 0.25
________ cause foreign exchange to leave the country, and thus they are registered as a ________ in the balance of payments.
A. Exports; debit B. Exports; credit C. Imports; credit D. Imports; debit