Import bans, import quotas, voluntary export restraints, and tariffs on goods all
A) increase imports and reduce prices for consumers.
B) reduce imports and prices for consumers.
C) reduce imports and raise prices for consumers.
D) increase imports and raise prices for consumers.
C
Economics
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What is the aspect of imperfect competition that is most distinct from perfect competition?
A) free entry/exit B) perfect information C) differentiated products D) zero profits
Economics
If there are many employers in a market and each has limited market power, the demand for labor is likely to be characterized as
A. Monopsonistic. B. Oligopolistic. C. Monopolistic. D. Competitive.
Economics