A quota ________ a deadweight loss and a tariff ________ a deadweight loss
A) creates; creates
B) creates; does not create
C) does not create; creates
D) does not create; does not create
E) might create; might create
A
Economics
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If a company triples its output and its average cost decreases, then the firm is definitely experiencing
A) diseconomies of scale. B) decreasing marginal returns. C) increasing marginal returns. D) economies of scale. E) Both answers C and D are correct.
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Would a country with an absolute advantage in the production of all goods and services trade with other countries? Explain
What will be an ideal response?
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