What is the effect of import restrictions on prices?
(A) They cause prices to drop.
(B) They often cause prices to rise steeply and then drop.
(C) They usually do not have any lasting effect on price.
(D) They cause prices to rise.
Ans: (D) They cause prices to rise.
Economics
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A) International Currency Unit. B) Special Drawing Right. C) U.S. dollar. D) IMF Dollar.
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The assumption of constant velocity is a critical component of the
a. monetarist model. b. classical model. c. real business cycle model. d. new classical model. e. all of the above.
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