Unemployment that results from the seasonal pattern of work in specific industries is

Quotas that entirely eliminate trade in a certain product or a number of products are known as

A) export tariffs. B) deadweight. C) ultimate tariffs. D) embargoes.

Market failure means that

A) the strike organized by unionized employees fails to achieve its goal. B) too many outdated products are offered for sale in the local supermarket. C) there is overallocation or underallocation of resources to certain economic activity. D) an unexpectedly harsh winter shuts down a factory.