A quota will typically
A. increase the price paid by consumers.
B. increase the price received by sellers.
C. increase the price received by sellers and increase the price paid by consumers.
D. reduce the price received by sellers.
Answer: C
Economics
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The immediate effect of a purchase of a government bond on the gross domestic product (GDP) is_____
a. a decrease in consumption b. an increase in government spending c. an increase in investment d. a decrease in investment e. nonexistent, since no real goods and services have been produced
Economics
When economists hold factors other than the one they are analyzing constant, they are demonstrating the principle of
a. circular flow analysis b. consumer sovereignty c. ceteris paribus d. normative economics e. scarcity modification
Economics