With a home monopolist, the imposition of a tariff results in:
a. a higher deadweight loss than a quota.
b. a higher price for consumers than a quota.
c. a lower deadweight loss than a quota.
d. the same welfare effects as a quota.
Ans: c. a lower deadweight loss than a quota.
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Which of the following statements is true?
A) The future growth of a stock is more certain than the payments of a bond. B) Differences of opinion about a bond's future may vary considerably but there is less difference about a stock's future. C) A stock can possibly pay dividends forever, but bonds have a fixed number of payments. D) Bonds represent partial ownership in a firm but stocks do not.
As national income rises,
A) water problems are eliminated. B) infant mortality falls. C) emissions from fossil fuels decrease. D) depletion of forest reserves increases at an increasing rate.