Imposing a quota on metal softball bats shipped into the United States would likely:
a. increase the price of the bats but decrease the quantity of domestically made bats purchased in the United States.
b. increase the price of the bats and the quantity of domestically made bats purchased in the United States
c. leave the price of the bats unchanged but decrease the quantity purchased in the United States.
d. leave both the price of bats and the quantity purchased in the United States unchanged.
b
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Swiss experience in the 1980s evidences the ________
A) effectiveness of targeting monetary aggregates B) need for discretion in the face of structural changes in the economy C) value of fiscal policy over monetary policy D) ascendancy of flexible exchange rate regimes over fixed exchange rate systems
In economics, the term "surplus" means an excess quantity supplied
a. True b. False Indicate whether the statement is true or false