A quota raises the price of the product on which the quota has been placed, decreases consumers' surplus, increases producers' surplus, and generates tariff revenue for the government

Which of the following is NOT statistically correlated with higher economic growth rates?

A) higher rates of private investment spending B) higher rates of government investment spending C) greater political stability D) higher fertility rates E) higher school enrollment rates

An entrepreneur is a(n):

A. individual who has much education. B. organizer who seeks profitable opportunities and is willing to accept risks. C. business organization that uses inputs to produce output. D. depot or warehouse for commercial products.