Refer to the figure above. The quota restricts trade by the same ...

[ts19998]

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.

[brbarasa]

Answer to Question 1

B

Answer to Question 2

A

[ts19998]

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