Usually the imposition of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________
A) a few; little
B) a few; lot
C) many; little
D) many; lot
B
You might also like to view...
The dollar value of final output
A) is equal to total income. B) is less than total income. C) equals profits. D) is greater than total income.
The World Bank's main concern about the East Asian development model is that
a. it hasn't really worked b. it has relied too much on exports c. it hasn't had the support of labor unions d. it isn't easily replicated where government institutions are weak e. all of the above
If two perfectly competitive firms produce the same quantity at the market price, then, at that quantity, they must have the same
a. marginal cost and average total cost b. marginal cost and average fixed cost c. average total cost and average fixed cost d. average fixed cost and average variable cost e. marginal cost
The existence of interdependence among firms in an oligopoly market
A. allows the analysis of the market through standard approaches. B. results in a monopoly outcome under virtually all circumstances. C. increases entry into the market. D. results in a great deal of difficulty in analyzing the behavior of firms.