Author Question: Tariffs and import quotas both decrease the amount of a good consumed and raise the price paid by ... (Read 92 times)

folubunmi · **on:** Jun 29, 2018

Tariffs and import quotas both decrease the amount of a good consumed and raise the price paid by domestic residents for the good.

Indicate whether the statement is true or false

Question 2

Which of the following statements is TRUE?

A) If private saving is greater than private investment, then the private sector has a surplus.
B) If private investment is greater than private saving, then the private sector has a deficit.
C) If private investment is greater than private saving, then either the government or net export sector must have a surplus.
D) All of the above answers are correct.