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Author Question: The import demand curve shows the amount of the home country's: a. surplus at various prices below ... (Read 61 times)

Diane

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on: Jun 30, 2018
The import demand curve shows the amount of the home country's:
 a. surplus at various prices below the no-trade equilibrium.
  b. shortage at various prices below the no-trade equilibrium.
  c. equilibrium no-trade quantity demanded.
  d. surplus at various prices above the no-trade equilibrium.
  e. shortage at various prices above the no-trade equilibrium.

Question 2

If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will:
 a. not produce the product at all.
 b. overproduce the product.
 c. underproduce the product.
 d. produce the optimal amount of the product.


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Galvarado142

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

b

Answer to Question 2

b


Diane

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

sailorcrescent

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Reply 3 on: Yesterday
Excellent

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