In the case of a small country, producer surplus
A) increases more with a tariff than with an equivalent quota.
B) increases more with a quota than with an equivalent tariff.
C) is not changed by tariffs or quotas.
D) increases the same with tariffs and equivalent quotas.
E) increases more with quotas.
D
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A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Commodity markets resemble
A) monopolistic markets. B) competitive markets. C) oligopolistic markets. D) factor markets.
Another term for a stockbroker is an account representative
Indicate whether the statement is true or false
How did asset backed commercial paper (ABCP) rollover risk contribute to the financial crisis of 2007-2009?
What will be an ideal response?