Refer to Figure 9-3. If there was no quota, how many pounds of peanuts would domestic consumers purchase?
A) 10 million B) 28 million C) 34 million D) 40 million
D
You might also like to view...
Second-degree price discrimination occurs when:
A) each consumer is charged exactly their willingness to pay. B) different groups of consumers are charged different prices. C) consumers are charged different prices at different points of time. D) consumers are charged different prices based on characteristics of their purchase.
Keynes believed
A. increases in investment expenditures are due to lower interest rates. B. increases in investment expenditures are due to high profit expectations. C. increases in investment expenditures are due to excessive funds in the loanable funds market. D. since supply creates its own demand, increases in investment expenditures creates additional supply and therefore more demand and earnings for the businesses.
The standard financial institution confirmation request used by the auditors is a means of obtaining documentary evidence about both assets and liabilities.
a. true b. false
A political function of government is to
A) encourage the consumption of government-sponsored goods. B) provide public goods. C) correct for externalities. D) encourage the workings of the price system.