Author Question: Refer to the figure above. The quota restricts trade by the same amount as a tariff of A) 20. ... (Read 94 times)

ts19998 · **on:** Jun 30, 2018

Refer to the figure above. The quota restricts trade by the same amount as a tariff of

A) 20.
B) 30.
C) 50.
D) Cannot answer without more information.

Question 2

How does a rise in real income affect aggregate demand?

A) Y implies Yd implies Im implies CA implies AD , but Y implies Yd implies C implies AD by more.
B) Y implies Yd implies Im implies CA implies AD , but Y implies Yd implies C implies AD by more.
C) Y implies Yd implies Im implies CA implies AD , and Y implies Yd implies C implies AD .
D) Y implies Yd implies Im implies CA implies AD , but Y implies Yd implies C implies AD by less.
E) Y implies Yd implies Im implies CA implies AD , but Y implies Yd implies C implies AD by less.