Author Question: The imposition of a quota on an imported good A) shifts the demand curve down for the good. B) ... (Read 42 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
The imposition of a quota on an imported good
 
  A) shifts the demand curve down for the good.
  B) shifts the supply curve up for the good.
  C) Both A and B.
  D) Not enough information to determine.

Question 2

If a firm used a combination of inputs that was to the left of its isocost line, it would indicate that
 
  A) it is exceeding its budget.
  B) it is not spending all of its budget.
  C) it is operating at its optimal point because it is saving money.
  D) None of the above



srodz

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

For a complete list of videos, visit our video library