Author Question: An increase in domestic demand for a product protected by a quota results in an increase in producer ... (Read 81 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
An increase in domestic demand for a product protected by a quota results in an increase in producer surplus for domestic firms, while for a tariff it would result in more imports.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is NOT a true statement?
 
  A) India can easily relocate workers from the country to the city.
  B) India would raise income faster if it moved workers from agriculture to manufacturing.
  C) High agricultural tariffs in India protect rural workers.
  D) India has low tariffs in manufacturing.


DylanD1323

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

TRUE

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

For a complete list of videos, visit our video library