A quota is
A) a government-imposed restriction on the quantity of a specific good that can be imported into a country.
B) a tariff imposed on goods that are dumped into the home country.
C) a tariff imposed on goods that are subsidized by their domestic governments and exported to other countries.
D) a tariff based on the value of the imported good.
Answer: A
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Keynesian analysis stresses that a tax cut that increases the government's budget deficit or reduces its budget surplus:
a. is appropriate during a period of inflation. b. will increase the money supply. c. will stimulate aggregate supply and, thereby, promote employment. d. will stimulate aggregate demand and, thereby, promote employment.
Income that is received but not earned is known as
a. transfer payments b. personal income c. national income d. disposable income e. depreciated income