If a quota is imposed on imports of shrimp into the United States, U.S. consumers ________ and U.S. producers ________
A) gain; gain
B) lose; gain
C) gain; are unaffected
D) lose; lose
E) gain; lose
B
You might also like to view...
In Ithaca, NY, Ithaca Hours, valued at the area's average hourly wage ($10), can be used to buy goods and pay for services. About 5,700 Ithaca Hours are in circulation. Because they are accepted in local stores and accepted by local people as income, Ithaca Hours:
A. are money because they are backed by the local government. B. are not money because they do not serve as a medium of exchange. C. are not money because their value depends upon the area's average hourly wage. D. although less liquid than Fed Notes, are money because they are accepted as money.
Of the four groups listed below, the highest unemployment rate is typically experienced by:
A. females as a group. B. males as a group. C. teenagers. D. persons who completed 1-3 years of high school.
The North American Free Trade Agreement (NAFTA) is an example of a(n)
A. customs union. B. free-trade area. C. common market. D. economic union.
Knowing the price elasticity of demand is important in business because it allows a manager to determine whether:
A. a price increase will cause the quantity demanded to rise or fall. B. an increase in supply will cause total profit to rise or fall. C. a price increase will cause total revenue to rise or fall. D. a price increase will cause the demand to rise or fall.