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Author Question: Refer to the figure above. Quota rents equal A) 2000. B) 5000. C) 6000. D) ... (Read 90 times)

cherise1989

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on: Jun 30, 2018
Refer to the figure above. Quota rents equal
 
  A) 2000.
  B) 5000.
  C) 6000.
  D) 10000.

Question 2

Because of China's growth, natural resources
 
  A) are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries.
  B) are in greater demand and the natural resources are increasingly coming from developing countries.
  C) prices are falling since China has tremendous negotiating power.
  D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.


InfiniteSteez

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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