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Author Question: Tariffs and import quotas both result in A) lower levels of domestic production. B) the domestic ... (Read 230 times)

cabate

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on: Jun 29, 2018
Tariffs and import quotas both result in
 
  A) lower levels of domestic production.
  B) the domestic government gaining revenue.
  C) lower levels of imports.
  D) higher levels of domestic consumption.

Question 2

Perfect competition arises if the ________ efficient scale of a single producer is ________ relative to the demand for the good or service.
 
  A) minimum; small
  B) minimum; large
  C) maximum; small
  D) maximum; large


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kthug

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


cabate

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
:D TYSM

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