The imposition of a quota on an imported good
A) shifts the demand curve down for the good.
B) shifts the supply curve up for the good.
C) Both A and B.
D) Not enough information to determine.
B
You might also like to view...
As productive capital goods are established in developing nations
A) developed nations will become less prosperous. B) these countries will experience higher rates of economic growth. C) portfolio investment will be replaced by loans from international aid agencies. D) they will be less likely to engage in international trade.
In the figure below, $40,000 for certain is as desirable as $47,000 with risk.
A. True
B. False
C. Uncertain
One of the major issues in the Uruguay round of GATT was
A. the placement of the WTO offices in Uruguay. B. the use of trade as a diplomatic weapon. C. the question of the Euro's convertibility. D. domestic content provisions for movies and television.
The benefit to employers of deferred payments is that
A) adverse selection is eliminated. B) employers cannot engage in any opportunistic behavior. C) these payments raise the cost of being fired, so more monitoring is needed. D) these payments raise the cost of being fired, so less monitoring is needed.