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

Author Question: If a quota is imposed on imports of shrimp into the United States, U.S. consumer surplus from shrimp ... (Read 136 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
If a quota is imposed on imports of shrimp into the United States, U.S. consumer surplus from shrimp will ________ and U.S. producer surplus from shrimp will ________.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; increase
  D) decrease; decrease
  E) increase; not change

Question 2

Other things remaining the same, which of the following is likely to happen if there is a decrease in the price of cars?
 
  A) There will be a decrease in both the wage rate and the employment levels in the petroleum extraction industry.
  B) There will be an increase in the wage rate and a decrease in the employment levels in the petroleum extraction industry.
  C) There will be a decrease in the wage rate and an increase in the employment levels in the petroleum extraction industry.
  D) There will be an increase in both the wage rate and the employment levels in the petroleum extraction industry.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


pane00

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 29, 2018
Correct answers!


ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
Municipal Solid Waste (MSW) Generation in the United States Municipal Solid Waste (MSW) Generation in the United States
Population Projections of the United States Population Projections of the United States
Globalization Within the United States Globalization Within the United States
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library