This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Import quotas A) are the same as tariffs. B) set the maximum quantity of a good that can be ... (Read 87 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jun 29, 2018
Import quotas
 
  A) are the same as tariffs.
  B) set the maximum quantity of a good that can be imported.
  C) are not used by the United States.
  D) set the minimum percentage of the value of a product that must consist of imported components.

Question 2

The market for lawn services is perfectly competitive. Larry's Lawn Service cannot increase its total revenue by raising its price because ________.
 
  A) Larry's supply of lawn services is perfectly inelastic
  B) the demand for Larry's services is perfectly inelastic
  C) Larry's supply of lawn services is inelastic
  D) the demand for Larry's services is perfectly elastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jun 29, 2018
Wow, this really help

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
Good ethical judgment comes from both learning and experience. Good ethical judgment comes from both learning and experience.
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library