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

Author Question: If an import quota is imposed on imports of shrimp into the United States, U.S. consumer surplus ... (Read 199 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
If an import quota is imposed on imports of shrimp into the United States, U.S. consumer surplus from shrimp will ________ and U.S. total surplus from shrimp will ________.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; increase
  D) decrease; decrease
  E) increase; not change

Question 2

As a country that has a bowed-out production possibilities frontier produces more of one good, the opportunity cost of a unit of that good ________.
 
  A) might increase or decrease
  B) remains the same
  C) increases
  D) decreases
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
Gracias!

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Median Age at First Marriage in the United States Median Age at First Marriage in the United States
The United States, 1819 The United States, 1819
In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ... In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ... Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ...
Types of Farms in the United States Types of Farms in the United States
Major Agricultural Crops Produced in the United States, 2011 Major Agricultural Crops Produced in the United States, 2011
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library