A legal restriction on the amount of a good that can be imported into a country is known as a
A) voluntary restraint agreement.
B) tariff.
C) quota.
D) Domestic Protection Restraint (DPR).
Answer: C
Economics
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What is the current limit on balances that are covered by federal deposit insurance?
A) $100,000 B) $250,000 C) $500,000 D) $1,000,000
Economics
Assume a country agrees to a free-trade act with another country. In the process, some individuals are displaced from their jobs, thus the free-trade act results in a negative externality
A) False. B) True. C) Only if those who were displaced are not compensated with another job or income transfer. D) Only if those who were displaced were compensated with another job or income transfer.
Economics