The purpose of an import quota is to ________
A) eliminate competition for a nation's domestic industries
B) increase competition for a nation's domestic industries
C) reduce competition for a nation's domestic industries
D) make foreign competitors' goods less expensive than domestic goods
E) make foreign competitors' goods more expensive than domestic goods
C
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The form of ownership in which the owners own and finance their individual unit plus own a share of common elements is called
A) a condominium B) general partnership C) a cooperative D) limited partnership
In financial markets, lenders typically have inferior information about potential returns and risks associated with any investment project. This difference in information is called
A) comparative informational disadvantage. B) asymmetric information. C) variant information. D) caveat venditor.