A quota is a
a. tax on a specific quantity of imported goods
b. limited number of foreign firms that can sell imported goods
c. restrictive health and safety standard that raises costs
d. tax on domestic producers so that they can make higher profits
e. limit on the quantity of a good that can be imported
E
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When purchasing a future contract, the buyer of a futures contract:
A. agrees to pay the seller later where the payment is based on the future price of some asset. B. assumes very little risk of the future price fluctuation of some asset. C. must pay a set amount to the seller regardless of what the future price turns out to be. D. none of these are true.
Increased concern about environmental problems derive partly from
a. concerns about increasing economic output. b. concerns about unemployment and inflation. c. new awareness that the problems exist. d. concerns about the quality of life.
Explain Mundell's four conditions for adopting a single currency
What will be an ideal response?
A company town model changes the market form from that of perfect competition to that of a
A. monopolistic competition. B. monopoly. C. oligopoly. D. monopsony.