Author Question: An increase in domestic demand for a product protected by a quota results in an increase in producer ... (Read 69 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
An increase in domestic demand for a product protected by a quota results in an increase in producer surplus for domestic firms, while for a tariff it would result in more imports.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is NOT a true statement?
 
  A) India can easily relocate workers from the country to the city.
  B) India would raise income faster if it moved workers from agriculture to manufacturing.
  C) High agricultural tariffs in India protect rural workers.
  D) India has low tariffs in manufacturing.


DylanD1323

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

TRUE

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library