Author Question: Quotas are designed to: a. restrict export of domestic goods to foreign markets. b. protect ... (Read 42 times)

CBme · **on:** Jun 30, 2018

Quotas are designed to:
a. restrict export of domestic goods to foreign markets.
b. protect domestic producers from higher sales tax.
c. increase foreign demand for domestic products.
d. increase domestic demand for foreign products.
e. protect domestic producers from foreign competition.

Question 2

Welfare effects are the gains and losses associated with ____ in markets.
a. supply shocks
b. government intervention
c. excess production
d. demand supply gap