An import quota for sugar results in an increase in
A) the domestic market price of sugar.
B) the domestic demand for sugar.
C) the domestic market supply of sugar.
D) sugar imports.
A
You might also like to view...
A market failure is a situation in which
A) resources are being efficiently allocated, but some companies are forced to shut down. B) the market equilibrium leads to either too many or too few resources going towards producing the good or service. C) the government must take actions to correct the failures of the market in a particular industry. D) there is no free entry or exit into an industry.
If an asset is considered liquid, then it:
A. can be sold quickly for cash without much loss of value. B. cannot be sold quickly for cash without much loss of value. C. can be sold quickly for cash, but tends to lose value. D. can easily be traded for other assets.
The slope of the fitted line that shows the relationship between consumer spending and disposable income is the
A. marginal propensity to save. B. probability of expending. C. marginal income spend. D. marginal propensity to consume.
Average product is calculated by dividing total product by the
A. quantity of the variable input. B. production function. C. quantity of the fixed input. D. amount of variable and fixed inputs employed.