The maximum amount of a good that may be imported during a specified period of time is

The federal government budget has generally been in a deficit for the past several decades because

A) budget deficits promote full employment. B) every year during those decades was a recession year in which expansionary fiscal policy was called for. C) military expenditures were increased steadily throughout those decades. D) political pressure on Congress to increase taxes and to balance the budget were less effective than political pressure to increase expenditures.

Marvin loves chocolate truffles. As the price of a chocolate truffle increases from $1 to $2 to $3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is ________

A) elastic B) unit elastic C) illustrated by a horizontal demand curve D) perfectly inelastic