Ultimately, quotas ________ the ability of foreign countries to buy the domestic country's exports and therefore ________ wealth

A) increase; create
B) increase; destroy
C) reduce; create
D) reduce; destroy

D

Economics

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A firm that is the only seller of a good or service that does not have a close substitute is called

A) a monopoly. B) a market maker. C) a price maker. D) an oligopolist.

Economics

The OLS estimator is derived by

A) connecting the Yi corresponding to the lowest Xi observation with the Yi corresponding to the highest Xi observation. B) making sure that the standard error of the regression equals the standard error of the slope estimator. C) minimizing the sum of absolute residuals. D) minimizing the sum of squared residuals.

Economics