Which of the following is the best example of a quota?
A) a limit on the quantity of residential air conditioners that can be imported from a foreign country
B) a $150 fee imposed on all imported residential air conditioners
C) a tax placed on all residential air conditioners sold in the domestic market to help offset the impact of emissions on the environment
D) a subsidy from the U.S. government to domestic manufacturers of residential air conditioners to enable them to compete more effectively with foreign producers
A
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If in a fiscal year, the outlays > incomes
What will be an ideal response?
Which of the following would not increase the price of books?
a. A new literacy program that encourages reading. b. A $10,000 permission fee paid for the right to reprint an author's work. c. An increase in the price of the ink used to print the books. d. Higher costs for the glycerin used to make the glue with which the books are bound.