An import quota is an example of
A. a queuing device.
B. a quantity restriction.
C. a price floor.
D. a price ceiling.
Answer: B
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Chloe has a $15,000 personal loan at a nominal interest rate of 8 percent. If the inflation rate is 3 percent, what is the real interest rate paid on the loan?
A) 2.67 percent B) 3 percent C) 8 percent D) 11 percent E) 5 percent
What are some of the criticisms that have been levied on the World Bank and the International Monetary Fund concerning adverse selection and moral hazard?
What will be an ideal response?
Which of the following statements is true of members of an organization?
a. They are either principals or subordinates. b. Agents are closely monitored by principals at all times. c. Each member generates information for the use of others in the organization. d. Decision-makers decide on the basis of the information they generate themselves.
The level of long-run aggregate supply is affected by all of the following except
A) changes in the price level. B) changes in the technology. C) changes in the capital stock. D) changes in the number of workers.