« previous next »

Author Question: Explain the effects of an import quota on domestic production, consumption, and price. What will ... (Read 135 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 29, 2018
Explain the effects of an import quota on domestic production, consumption, and price.
 
  What will be an ideal response?

Question 2

Using the scenario above why might the results be different for small classes compared to large classes?
 
  What will be an ideal response?


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

An import quota raises the domestic price of the product. The higher price increases domestic production and decreases domestic purchases.

Answer to Question 2

Larger classes make collusion much more difficult to manage successfully. In a smaller class there is less leg work to pull it off.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

geoffrey

  • Hero Member
  • *****
  • Posts: 880
Reply #2 on: Jun 29, 2018
Thank you


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Effects of uncompetitive inhibition on enzyme kinetics Effects of uncompetitive inhibition on enzyme kinetics
Melting ice and snow have far-reaching effects Melting ice and snow have far-reaching effects
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Main components of the human endocrine system and the effects of their secretions Main components of the human endocrine system and the effects of their secretions
Effects of disrupted growth hormone function Effects of disrupted growth hormone function
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library