A tariff is
a. a tax on imports
b. a legal limit on quantities of goods that can be imported
c. a voluntary limit on quantities of goods that can be imported
d. a quality restriction on imports
e. a subsidy for exports
A
Economics
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A market with easy entry could include
A) perfect competition. B) monopolistic competition. C) an oligopoly. D) a. and b. are possible
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The U.S. government establishing a policy that it will bail out troubled financial institutions and a resulting increase in the number of bank failures is an example of: a. the moral hazard problem
b. the free rider problem. c. the adverse selection problem. d. the "lemon" problem.
Economics