Which type of restriction on quantity of imports is the most transparent?
A) Quota
B) Licensing requirements
C) Voluntary export restraints
D) Government procurement policies
A
Economics
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A quota is a restriction that allows women and minorities to import a certain percentage of imports.
Answer the following statement true (T) or false (F)
Economics
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweatshirts.
A. 0 B. 50 C. 70 D. 75
Economics