A quota has all of the following impacts except:
A. generate revenues for government.
B. create deadweight loss.
C. drive up prices.
D. help poorer countries.
Answer: A
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A recession is defined as at least ________ consecutive quarters of decline in real GDP.
A. two B. three C. four D. five
Suppliers will be willing to supply a product in all of the following situations except when
A) the price received is greater than the additional cost of producing the product. B) the price received is at least equal to the additional cost of producing the product. C) the price received is less than the additional cost of producing the product. D) the price received is equal to the additional cost of producing the product.
Which of the following is the most likely result of financial intermediaries?
A) increased funds available to borrowers B) higher transaction costs C) higher information costs D) lower information cost but higher transaction costs
A floating exchange rate is one that is allowed to move freely between two points that have been determined by an exchange treaty
a. True b. False