An import quota will make the supply curve for the imported good
A) perfectly inelastic.
B) perfectly elastic.
C) unitary elastic.
D) negatively sloped.
A
Economics
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If the money multiplier is approximated to be 4, then the reserve ratio must be:
A. 25 percent. B. 2.5 percent. C. 5 percent. D. 4 percent.
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A nation’s citizens often dislike the economy’s distribution of income. Explain two methods for creating a more equal distribution of income.
What will be an ideal response?
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