This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Effects of Import QuotasThe graph shows the market for cotton in the United States. Assume that ... (Read 103 times)

kckanistras

  • Full Member
  • ***
  • Posts: 133
on: Nov 23, 2022
Effects of Import Quotas

The graph shows the market for cotton in the United States.
 

Assume that P1=$9.00, P2=$11.50, Q1=20, Q2=88, Q3=234, and Q4=292. After pressure from cotton farmers, the US government decides to impose an import quota equal to 146. As a result of the quota, the quantity supplied by US firms ________ (increases/decreases) by ________, US cotton consumption ________ (increases/decreases) by ________. Overall, US producers ________ (gain/lose), US consumers ________ (gain/lose), foreign producers ________ (gain/lose), and economic surplus ________ (increases/decreases).
◦ increases, 88, decreases, 234, gain, lose, lose, decreases
◦ decreases, 88, increases, 234, lose, gain, gain, increases
◦ decreases, 68, increases, 58, lose, gain, gain, increases
◦ increases , 68, decreases, 58, gain, lose, lose, decreases
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kckanistras on Nov 23, 2022

khammond77

  • Full Member
  • ***
  • Posts: 156
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


kckanistras

  • Member
  • Posts: 133
Reply 2 on: Nov 23, 2022
:D TYSM

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Multisystem effects of multiple sclerosis. Multisystem effects of multiple sclerosis.
Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra
Median Age at First Marriage in the United States Median Age at First Marriage in the United States
Wenda Gu, united nations—china monument: temple of heaven. Wenda Gu, united nations—china monument: temple of heaven.
Drug Effects Drug Effects
Major Agricultural Crops Produced in the United States, 2011 Major Agricultural Crops Produced in the United States, 2011
Video: Hemodynamics Animation

For a complete list of videos, visit our video library