Import quotas, customs valuations, government subsidies, health and safety regulations, and import licensing procedures are all non-tariff barriers that make it difficult for an exporter to gain entry into another country's market. true or false

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?

An economic theory that calls for workers to take control of factories is .

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.