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1. The "Buy American" policy is equivalent to a(n):
A) Tariff
B) Quota
C) Export subsidy
D) Voluntary export restriction
2. A maximum limit set on the amount of a specific good that may be imported into a country over a given period of time is called a:
a) Tariff
b) Quota
c) Nontariff barrier
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The firm faces a constant marginal revenue curve given by:MR = 200 and how should the firm allocate production?-How much should Factory #1 produce and how much should factory #2 produce?
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