Author Question: An increase in domestic demand for a product protected by a quota results in an increase in producer ... (Read 72 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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library