The effect of an import quota on the domestic market is to shift the:
a. demand curve to the right by the amount of the quota.
b. demand curve to the left by the amount of the quota.
c. supply curve to the right by the amount of the quota.
d. supply curve to the left by the amount of the quota.
e. consumers' marginal utility curves if they prefer foreign goods to domestic goods.
c
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If the economy is experiencing unemployment, then the most appropriate government policy would be to:
a. shift the aggregate demand curve by using a tax increase coupled with spending cuts. b. shift the aggregate demand curve by using a tax increase coupled with more spending. c. shift the aggregate demand curve by using a tax cut coupled with spending cuts. d. shift the aggregate demand curve by using a tax cut coupled with more spending. e. shift the aggregate supply curve by using a tax cut coupled with spending cuts.
There is an Italian soccer player who makes more than $10 million a year. Why?
When the minimum wage is raised in a competitive market, ceteris paribus,
A. Workers are not affected by a minimum wage increase, only by decreases. B. All workers are better off. C. All workers are worse off. D. Some workers are better off and some are worse off.
A move from G to H represents
A. an increase in quantity supplied.
B. a decrease in quantity supplied.
C. an increase in supply.
D. a decrease in supply.