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Author Question: In the short-run, we assume that the money prices of goods and services are A) temporarily fixed. ... (Read 65 times)

moongchi

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on: Jun 30, 2018
In the short-run, we assume that the money prices of goods and services are
 
  A) temporarily fixed.
  B) permanently fixed.
  C) allowed to fluctuate.
  D) equal to long-run prices.
  E) fully employed.

Question 2

If an import-competing firm is imperfectly competitive, than under free trade an import quota will ________ domestic market price, ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic
 
  national welfare. A) increase; increase; decrease; have no effect on; decrease
  B) decrease; decrease; increase; decrease; have no effect on
  C) increase; have no effect on; decrease; increase; decrease
  D) decrease; increase; decrease; increase; decrease
  E) have no effect on; have no effect on; decrease; increase; decrease


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ttt030911

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


moongchi

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  • Posts: 516
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

isabelt_18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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