« previous next »

Author Question: Explain the effects of an import quota on domestic production, consumption, and price. What will ... (Read 131 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 29, 2018
Explain the effects of an import quota on domestic production, consumption, and price.
 
  What will be an ideal response?

Question 2

Using the scenario above why might the results be different for small classes compared to large classes?
 
  What will be an ideal response?


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

An import quota raises the domestic price of the product. The higher price increases domestic production and decreases domestic purchases.

Answer to Question 2

Larger classes make collusion much more difficult to manage successfully. In a smaller class there is less leg work to pull it off.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

geoffrey

  • Hero Member
  • *****
  • Posts: 880
Reply #2 on: Jun 29, 2018
Thank you


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Effects of an activator on chromatin compaction Effects of an activator on chromatin compaction
Lynx-hare interactions have served as a model system for the study of the effects o Lynx-hare interactions have served as a model system for the study of the effects o
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
The inverse-square law and its effects. Doubling your distance away from a radioactive material ... The inverse-square law and its effects. Doubling your distance away from a radioactive material ...
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Determination of the genotype of F2 plants by the production of F3 progeny Determination of the genotype of F2 plants by the production of F3 progeny
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library