A direct restriction on the quantity of an import is called a(n):

A) quota.
B) tariff.
C) import subsidy.
D) import restriction.

Ans: A) quota.

Economics

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The payment received by suppliers of entrepreneurial skills is called wages

Indicate whether the statement is true or false

Economics

Which one of the following will not directly affect the U.S. balance on current account?

A. An increase in U.S. goods imports. B. A decrease in U.S. net investment income. C. An increase in U.S. purchases of assets abroad. D. An increase in U.S. imports of services.

Economics