Figure 10-6
In the short-run equilibrium depicted in , the economy's output is
a.
equal to potential GDP.
b.
less than potential GDP.
c.
greater than potential GDP.
d.
equal to the economy's full-employment output.
b
Economics
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A. Distinguish between a tariff and a quota
b. In what ways are tariffs and quotas similar? c. In what ways are tariffs and quotas different? d. Why might a foreign producer prefer a quota rather than a tariff? What will be an ideal response?
Economics
Which of the following is not a thrift?
A) a savings-and-loan B) a commercial bank C) a credit union D) a mutual savings bank
Economics