When the monopoly firm is able to charge a higher price, the amount of ________ also increases, thus magnifying the importing nation's __________.

a. quota rents; losses
b. comparative advantage; gains from trade
c. profits; welfare
d. protection; employment gains

Ans: a. quota rents; losses

Economics

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Collateralizable wealth is

A) wealth in non-tangible assets. B) any asset that can be used to obtain a loan. C) wealth that increases and income increases. D) wealth based on mortgage lending.

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Which of the following is TRUE?

a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other b. After acquiring a substitute product, lower prices on both the products c. After acquiring a complementary product, raise prices on both the products d. None of the above

Economics