What is the good producing business?

16) In a regulated monopoly,-- - prices are set by government mandate no single firm can grow large enough to influence prices across the market C) firms that excel in one or more aspects can gain some control over pricing D) individual firms can have considerable control over pricing E) suppliers can charge as much as they want, at least until people stop buying unemployment is the natural movement of workers into and out of jobs, such as when a person quits one job without first lining up a new job. A) Structural Intrinsic Frictional D) Cyclical E) Seasonal 18) The number of units of one currency that must be exchanged for a unit of the second currency is known as the exchange rate between the currencies. TRUE or FALSE 19) Which of the following is a main feature of protectionism? A) high levels of risks for domestic industries B) increased risk for local workers C) compromise on national security D) governmental intervention in trade E) formation of trade blocs between nations 20) An embargo is a complete ban on the import or export of certain products or even all trade between certain countries TRUE or FALSE 21) Taxes, surcharges, or duties levied against imported goods are known as A) import sanctions B) embargoes C) tariffs D) import quotas E) restrictive import standards