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Author Question: Patents, tariffs, and quotas are all examples of A) entry barriers that protect consumers. B) ... (Read 203 times)

Caiter2013

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on: Jun 29, 2018
Patents, tariffs, and quotas are all examples of
 
  A) entry barriers that protect consumers.
  B) entry barriers that improve a country's standard of living.
  C) government-imposed barriers.
  D) economic regulations that increase efficiency.

Question 2

The substitution effect of a price increase causes a decrease in the quantity of an inferior good demanded.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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kaykay69

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

C

Answer to Question 2

TRUE


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