The effect of an import quota on the domestic market is to shift the:
a. demand curve to the right by the amount of the quota.
b. demand curve to the left by the amount of the quota.
c. supply curve to the right by the amount of the quota.
d. supply curve to the left by the amount of the quota.
e. consumers' marginal utility curves if they prefer foreign goods to domestic goods.
c
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Treasury securities have ____ risk of default and mortgage-backed securities have ____ risk of default
a. no; no b. no; some c. some; no d. some; some
A production possibilities curve has "good X" on the horizontal axis and "good Y" on the vertical axis. On this diagram, the opportunity cost of good X, in terms of good Y, is represented by the:
A. distance to the curve from the horizontal axis. B. distance to the curve from the vertical axis. C. distance from the origin to the curve. D. change in Y for each change in X along the curve.