If a firm's marginal profit is negative, it should reduce its output level

Considering that the U.S. places a quota on imports of steel from South Korea, which of the following would NOT likely occur?

A) The price of steel in the United States would increase. B) The quantity of steel produced in the United States would increase or stay the same. C) The demand for steel in the United States will increase. D) The quantity demanded for steel in the United States will decrease.

Mortgage-backed securities are similar to bonds in that the investor who buys one receives

A) federal insurance to cover the value of the security. B) partial ownership of the company that issued the security. C) dividend payments. D) regular interest payments.