According to the graph shown, the government can restrict trade by imposing a quota of:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
A. 350.
B. 900.
C. 1150.
D. 1500.
A. 350.
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According to economic theory, a politician
A) expands activities whose marginal benefit exceeds marginal cost. B) contracts activities whose marginal cost exceeds marginal benefit. C) does not necessarily act on narrow or selfish interests. D) does all of the above. E) does none of the above.
By the 2000s, investment banks had become significant participants in the secondary market for mortgages
Indicate whether the statement is true or false
The analysis is externally valid if
A) the statistical inferences about causal effects are valid for the population being studied. B) the study has passed a double blind refereeing process for a journal. C) its inferences and conclusions can be generalized from the population and setting studied to other populations and settings. D) some committee outside the author's department has validated the findings.
This table shows individual demand schedules for a market.Price of GoodBarney's DemandBetty's Demand$0.002023$0.501818$1.001611$1.50148$2.00126$2.50105According to the table shown, what can be said of Betty and Barney's demand for this good?
A. Neither Betty's nor Barney's demand follows the law of demand. B. Barney's demand follows the law of demand, but Betty's does not. C. Betty's and Barney's demand both follow the law of demand. D. Betty's demand follows the law of demand, but Barney's does not.