As a result of importing a good, domestic producers ________ the quantity produced and the price of the good ________
A) increase; falls
B) increase; rises
C) decrease; falls
D) decrease; rises
E) decrease; does not change
C
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Which two pieces of legislation were passed in 1914?
a. Sherman Antitrust and Clayton Act b. Clayton Act and Robinson-Patman Act c. Robinson-Patman Act and Celler-Kefauver Act d. Clayton Act and Federal Trade Commission Act e. Sherman Antitrust Act and Federal Trade Commission Act.
A good that is rival in consumption is one that someone can be prevented from using if she did not pay for it
a. True b. False Indicate whether the statement is true or false
The roles fulfilled by commercial banks and investment banks are:
A. often done by the same bank. B. always done by the same bank. C. not allowed to be done by the same bank. D. rarely done by the same bank.
The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.