As a result of importing a good, domestic producers ________ the quantity produced and the price of the good ________
A) increase; falls
B) increase; rises
C) decrease; falls
D) decrease; rises
E) decrease; does not change
C
You might also like to view...
The balance sheet of a bank shows its
A) assets and liabilities. B) earnings and expenses. C) revenues and costs. D) profits and losses.
Command-and-control legislation, as compared to incentive-based regulation:
a. encourages the use of comparative advantage in the short run, and the development of new technology in the long run. b. encourages the use of comparative advantage in the short run, but discourages the development of new technology in the long run. c. discourages the use of comparative advantage in the short run, but encourages the development of new technology in the long run. d. discourages the use of comparative advantage in the short run, and discourages the development of new technology in the long run.