The difference between quantity restrictions and price ceilings as to their effect on the market is that
A) only price ceilings make the market inefficient.
B) only quantity restrictions make the market inefficient.
C) while some consumers gain from price ceilings, no consumers gain from quantity restrictions.
D) while price ceilings are efficient, quantity restrictions are not.
C
Economics
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A specified maximum amount of the good that may be imported in a given period of time is a
A) dumping limit. B) tariff. C) quota. D) sanction. E) forcible limit.
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Monetarists argue that government deficits financed by monetary expansion cause(s)
A) velocity to increase. B) aggregate demand to increase. C) aggregate demand to decrease. D) no change in aggregate demand or aggregate supply.
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