The maximum amount of a good that may be imported during a specified period of time is
A) an infant industry agreement.
B) an import quota.
C) dumping.
D) comparative advantage.
Answer: B
Economics
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In the United States, the inflation rate since 1999 generally was
A) lower than between 1979 to 1981. B) higher than between 1979 to 1981. C) higher than in the 1980s. D) much higher than between 1985 to 1995. E) negative.
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Specialization occurs because
A) society trades current consumption for future consumption. B) the production possibilities curve tends to be linear. C) people have different skills. D) society produces made the production possibilities curve.
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