Quotas and tariffs both
A) decrease deadweight loss.
B) restrict foreign trade.
C) cause a loss of revenue to domestic producers.
D) lower prices on imported goods.
B
Economics
You might also like to view...
The flatter is the LM curve
A) the more effective is fiscal policy. B) the less effective is fiscal policy. C) the less is the interest sensitivity of saving. D) the less is the interest sensitivity of the money supply.
Economics
Refer to Figure 8.1. At the profit-maximizing level of output, AVC is
A) $22. B) $26. C) $30. D) $32. E) $40.
Economics