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

Author Question: Tariffs result in a decrease in consumer surplus because: a. the price and the quantity consumed of ... (Read 102 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
Tariffs result in a decrease in consumer surplus because:
 a. the price and the quantity consumed of the protected good increases.
 b. the price and the quantity consumed of the protected good decreases.
 c. the price of the protected good increases and quantity consumed decreases.
  d. the price of the protected good decreases and quantity consumed increases.

Question 2

In recent years, more than one quarter of federal government spending went to Social Security and income security programs.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jun 30, 2018
Correct answers!


b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Gallstones result from the crystallization of salts and other compounds in bile Gallstones result from the crystallization of salts and other compounds in bile
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library