When Dr. Sandy Roos treats a welfare patient and is paid by the government, the money she receives is part of the ________ category(ies) of government spending

The WTO has encouraged nations to replace their import quotas with tariffs. Why?

a. Quotas are more difficult to administer for the customs people. b. Quotas are more discriminatory. c. Quotas hurt domestic firms more than tariffs. d. Quotas result in larger losses than tariffs with equivalent protection on domestic monopolists.

If demand and supply both decrease

A) the equilibrium quantity definitely will decrease, and the market clearing price definitely will decrease. B) the equilibrium quantity definitely will decrease, and the market clearing price definitely will increase. C) the market clearing price definitely will decrease, but the change in the equilibrium quantity cannot be determined without more information. D) the equilibrium quantity definitely will decrease, but the change in market clearing price cannot be determined without more information.