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Author Question: Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, ... (Read 191 times)

Frost2351

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on: Jul 1, 2018
Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, will leave the country as a whole
 
  A) worse off than a comparable tariff.
  B) not as bad off as a comparable tariff.
  C) about the same as a comparable tariff.
  D) Any of the above can be true.

Question 2

A price taker is
 
  A) a firm that accepts different prices from different customers.
  B) a consumer who accepts different prices from different firms.
  C) a perfectly competitive firm.
  D) a firm that cannot influence the market price.
  E) both C and D


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kusterl

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

E


Frost2351

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

cpetit11

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

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