A tax imposed on imported goods is
A. A tariff.
B. An embargo.
C. An example of fiscal policy.
D. A quota.
Answer: A
Economics
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Which of the following is the dynamic version of the quantity theory of money?
A. Growth in the money supply ? inflation = growth in the velocity of money ? real growth B. Money supply × velocity = price level × real GDP C. Money supply + velocity = inflation + real growth D. Growth in the money supply + growth in the velocity of money = inflation + real growth
Economics
A firm's marginal cost is $82, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is
A) less than $40,000. B) between $40,000 and $40,050. C) between $40,050 and $40,080. D) greater than $40,080.
Economics