A quota is a restriction that allows women and minorities to import a certain percentage of imports.

Refer to Table 13-5. What are the firm's profit-maximizing or loss-minimizing price and quantity?

A) price = $12; quantity = 4. B) price = $10; quantity = 5. C) The firm should shut down temporarily. D) This cannot be determined from the information given.

The interest rate at which commercial banks lend to their customers with the best collateral is known as

a. prime rate. b. federal funds rate. c. discount rate. d. T-bill rate.