A quota is
a. a tax on exported items.
b. a tax on imported items.
c. a limit on the amount of imports.
d. a subsidy to export.
c
Economics
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As illustrated in the above figure, after 40 gallons are produced each hour at Ike's Ice Cream Kitchen, the AVC curve starts to slope upward. The AVC starts to slope upward because the
A) MC curve slopes upward. B) MC exceeds the AVC. C) ATC curve has not yet reached its minimum. D) None of the above answers is correct.
Economics
A bond with a face value of $10,000 (and no coupon payments) is always worth
a. $10,000 b. less than $10,000 before the maturity date c. more than $10,000 if the interest rate is high enough d. $10,000 on the date of purchase e. $9,090.91 two years before the maturity date
Economics