Refer to the figure above. The quota generates deadweight costs of
A) $10,000.
B) $12,000.
C) $30,000.
D) $50,000.
B
You might also like to view...
The long run is
A) over five years. B) the time period in which all factors of production can be varied. C) when all factors of production are fixed. D) over one year.
On the graph above, if output is falling, while the quantity demanded is rising, the economy may be at a point on ________
A) the aggregate supply curve above the aggregate demand curve B) the aggregate supply curve below the aggregate demand curve C) the aggregate demand curve above the aggregate supply curve D) the aggregate demand curve below the aggregate supply curve E) none of the above
An ultimatum game is:
A. one in which one player makes an offer and the other player has the simple choice of whether to accept or reject. B. one in which one player makes an offer and the other player has the choice of whether to accept or offer a counteroffer. C. a repeated sequential game. D. the only game played by unions in reality.
Why would the establishment of protective trade barriers be a poor way of protecting workers in domestic industries?
What will be an ideal response?