What is the difference between a tariff and a quota?
A tariff is a tax imposed by a government on foreign imports. A quota is a ceiling placed on the quantity of foreign imports during a given period.
Economics
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Net worth and stockholders' equity are both equal to the difference between assets and liabilities
Indicate whether the statement is true or false
Economics
Common sense suggests (and macroeconomists agree!) that sustained economic growth over extended time periods is more important than the economy's short-term fluctuations
Why, then, do macroeconomists (and policymakers, and the general public) care so much about the business cycle?
Economics