If protective import-restricting quota are imposed by a country, all of the following groups benefit EXCEPT
A) domestic producers in the affected industry.
B) domestic consumers in the affected industry.
C) employees of domestic producers in the affected industry.
D) importers that are able to obtain the rights to sell imported items in the affected industry.
B
You might also like to view...
In a certain economy, the components of aggregate spending are given by:C = 100 + 0.9(Y - T) - 500rI = 150 - 1,000rG = 200NX = 50T = 100Given the information about the economy above, what is the short-run equilibrium output if the real interest rate is 4 percent?
A. 3,800 B. 350 C. 410 D. 3,500
Consider the AD/AS model. The interest rate effect is reflected on the _______ and when the price level _________________
a. AS curve; rises, people feel poorer and buy less b. AS curve; rises, goods become more expensive and foreigners buy less c. AS curve; rises, interest rates fall, and people buy less d. AD curve; rises, interest rates rise, and people buy less e. AD curve; falls, interest rates fall, and people buy less
How would the graph change if the price ceiling was removed?
a. P2 would move to PC.
b. QD and QS would move to Q2.
c. PC would move to E1.
d. Q2 and QD would move to QS.
When maximizing economic growth is a country's goal it:
A. creates a perfect correlation to happiness, if the money is allocated fairly. B. everyone in the economy will be better off if it obtains its goal. C. may work in opposition to the country's happiness in terms of satisfaction gained from leisure. D. increases the correlation to the country's happiness, because more money makes people happier.