The effects of a quota include:
A) decreasing consumers' surplus.
B) increasing total revenue for the importers who sell the allowed number of imported units.
C) increasing producers' surplus.
D) b and c
E) a, b, and c
E
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Explain the problems that necessitate insurance management, and three methods insurance companies use to address these problems. Identify the problem that each practice addresses
What will be an ideal response?
Because the price level does not affect the long-run determinants of real GDP, the long-run aggregate-supply curve is upward-sloping.
a. true b. false
When the Fed wants US interest rates to increase, it will usually sell US t-bonds to banks
a. true b. false
Table 34-3 ? ? Output Per Unit Labor Input ? Cotton Wheat Egypt 10 2 United States 20 20 The data in Table 34-3 indicate that the United States has
A. an absolute advantage in both goods, and a comparative advantage in cotton. B. an absolute advantage in both goods, and a comparative advantage in wheat. C. only a comparative advantage in wheat. D. only a comparative advantage in cotton.