When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n) ?
A. quota
B. barrier
C. tariff
D. embargo
A. quota
B. barrier
C. tariff
D. embargo
A. private costs, private benefits
B. private costs, social costs or benefits
C. social costs, social benefit
D. insiders, outsiders
A. there is a surplus and the price will rise
B. there is a shortage and the price will fall
C. there is a shortage and the price will rise
D. The quantity demanded is equal to the quantity supplied and the price remains unchanged
E. there is a surplus and the price will fall
A. Reduce the cost of living
B. Reduce the standard of living
C. Reduce the price of products
D. Reduce the purchasing power of a rupee
A. Prisoner’s Dilemma
B. Monopoly Cell
C. Jailhouses Sentences
D. Jury Box
A. increase should
B. decrease output
C. keep output the same because profits are maximized when marginal revenue exceeds marginal cost
D. raise the price
A. Price increase demand decreases
B. Price decreases demand decreases
C. Price increased demand increases
D. None of these