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Author Question: Tariffs and import quotas differ in that A) one is a form of trade restriction, while the other ... (Read 92 times)

yoooooman

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on: Jun 29, 2018
Tariffs and import quotas differ in that
 
  A) one is a form of trade restriction, while the other is not.
  B) one is a tax, while the other is a limit.
  C) one is imposed by the government, while the other is imposed by the private sector.
  D) one is legal, while the other is not.

Question 2

The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a production point that is inefficient?
 
  A) 0 units of good X and 40 units of good Y
  B) 6 units of good X and 28 units of good Y
  C) 10 units of good X and 16 units of good Y
  D) 3 units of good X and 35 units of good Y


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kaykay69

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


yoooooman

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Reply 2 on: Jun 29, 2018
:D TYSM

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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