In the case of a small country, consumer surplus
A) decreases less with a tariff than with an equivalent quota.
B) decreases less with a quota than with an equivalent tariff.
C) is not changed by tariffs or quotas.
D) decreases the same with tariffs and equivalent quotas.
E) increases more with quotas.
D
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Which of the following characteristics distinguishes oligopoly from other market structures?
a. Firms operating in an oligopoly are independent of each other. b. Firms operating in an oligopoly are interdependent. c. Oligopoly is the simplest of all the other market structures. d. An oligopolist does not face a downward-sloping demand curve. e. Entry into an oligopolistic market is easier than entry into a monopolistically competitive market.
Which of the following would be most likely to increase the demand for money?
a. An increase in the price level b. A decrease in real income c. An increase in the interest rate d. A decrease in the cost of converting other assets into money e. A decrease in the price level
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What will be an ideal response?