This topic contains a solution. Click here to go to the answer

Author Question: In the short-run, we assume that the money prices of goods and services are A) temporarily fixed. ... (Read 68 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
In the short-run, we assume that the money prices of goods and services are
 
  A) temporarily fixed.
  B) permanently fixed.
  C) allowed to fluctuate.
  D) equal to long-run prices.
  E) fully employed.

Question 2

If an import-competing firm is imperfectly competitive, than under free trade an import quota will ________ domestic market price, ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic
 
  national welfare. A) increase; increase; decrease; have no effect on; decrease
  B) decrease; decrease; increase; decrease; have no effect on
  C) increase; have no effect on; decrease; increase; decrease
  D) decrease; increase; decrease; increase; decrease
  E) have no effect on; have no effect on; decrease; increase; decrease



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

A

Answer to Question 2

A




moongchi

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


  • Member
  • Posts:
Reply 3 on: Yesterday
Excellent

 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

For a complete list of videos, visit our video library