Your textbook authors argue that the redemption efforts to free Sudanese slaves
A) generally succeeded until the government stepped in and created unintended shortages.
B) worked poorly because slave surpluses became rampant.
C) unintentionally increased profitability and slave supply.
D) proved that underground markets do not coordinate the plans of participants.
C
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Refer to the figure above. What is the initial equilibrium price of the good?
A) $20 B) $40 C) $60 D) $80
What is always TRUE about the short-run equilibrium position for a firm in perfect competition?
A) MR = MC = P = ATC = AR B) TR = TC C) MR = MC = P = AR D) MC = ATC
Launching the complicated version would be a mistake for probabilities less than ___?
a. 0.2 b. 0.28 c. 0.30 d. 0.32
According to the graph shown, if the government restricts free trade, area G represents:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price
for that good.
A. quota rents, which go to domestic producers.
B. quota rents, which go to foreign firms or governments.
C. government tax revenues, which go to the domestic government.
D. government tax revenues, which go to the foreign government.