The figure below shows the domestic demand (Dd) and domestic supply (Sd) curves of mopeds in a country before an import quota is imposed by the government. After the imposition of the quota, the maximum import quantity is QQ.If the government auctions the quota licenses, how much will it collect as revenue?

A major characteristic of structural unemployment that differentiates it from frictional unemployment is that structural unemployment

A) exists only during a recession. B) exists in an expansion whereas there is no frictional unemployment in an expansion. C) is a short-term problem. D) usually lasts longer than frictional unemployment.

If disposable income rises from $15,000 to $20,000 and the marginal propensity to consume equals 0.9, then saving must increase by $500

a. True b. False Indicate whether the statement is true or false