The cost of lobbying for an import quota in a perfectly competitive market
A) increases the welfare loss of the quota.
B) decreases the deadweight loss of the quota.
C) shifts the supply curve of the good to the left.
D) increases the consumer surplus.
A
You might also like to view...
The recession of 1990-1992 ________ the trend set over 1965-1990 of ________ unemployment rates at each successive cyclical trough
A) continued, lower B) continued, higher C) broke, lower D) broke, higher
A bank's balance sheet shows
a. information about the riskiness of its loans b. the amount of money loaned to each individual borrower c. the amount of cash in the hands of the public d. the number of checking accounts it maintains e. the bank's assets and liabilities
Brazil is able to produce 10 cars and 5 computers in one hour while India is able to produce 1 car and 4 computers in one hour. Brazil has an absolute advantage in producing _________________________.
a) cars and computers b) none of the two goods c) computers d) cars
What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?
What will be an ideal response?