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Author Question: In the figure above, the tariff ________ U.S. imports of shirts by ________ million shirts per year. ... (Read 120 times)

lb_gilbert

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on: Jun 29, 2018
In the figure above, the tariff ________ U.S. imports of shirts by ________ million shirts per year.
 
  A) decreases; 16
  B) decreases; 8
  C) increases; 8
  D) increases; 4

Question 2

Producer surplus is the
 
  A) cost of the good summed over the quantity sold.
  B) demand for a good minus the supply summed over the quantity sold.
  C) price of a good minus the marginal cost of producing it summed over the quantity sold.
  D) marginal cost of producing it summed over the quantity sold.


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macagn

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

A

Answer to Question 2

C


lb_gilbert

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Reply #2 on: Jun 29, 2018
Correct answers!


macagn

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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