Germany placed a limit on the amount of beer that can be imported into Germany. This is an example of
A. a tariff.
B. dumping.
C. a quota.
D. an export subsidy.
Answer: C
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If the change in y = 10 and the change in x = 3, there is
A) a positive relationship between y and x. B) a negative relationship between y and x. C) an independent relationship between y and x. D) no relationship between y and x. E) a +0.33 relationship between the two variables.
What is protectionism in the domestic economy?
a. forcing foreign consumers to subsidize domestic producers b. forcing producers to subsidize consumers c. forcing consumers to subsidize producers d. forcing foreign consumers to subsidize foreign producers
Which price would you expect to rise the most in a high-income growing economy?
a. semiconductors for personal computers b. tickets to a ballet performance c. passenger automobiles d. Blu-ray players
The factors that contribute to the growth of per capita GDP in an economy include human capital deepening, physical capital deepening, and technological gains
a. True b. False Indicate whether the statement is true or false