Reliable Information Is

question 83

Multiple Choice

Reliable information is

• A)costly for consumers, but not for producers
• B)costly for producers and consumers
• C)freely available
• D)costly for producers, but not for consumers
• E)not relevant to economic decision making

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Definitions:

Domestic

Pertaining to or produced within a country's borders, often in contrast to foreign or international.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.

Consumer Surplus

The divergence between the total price consumers are willing and able to contribute towards a good or service and the total price they actually contribute.

Japanese Government

The national government of Japan, characterized by a constitutional monarchy and a parliamentary government.