An import quota on a product protects domestic industries by: a. ...

[cagreen833]

An import quota on a product protects domestic industries by:
 a. reducing the foreign supply to the domestic market and, thereby, raising the domestic price.
  b. increasing the foreign supply to the domestic market and, thereby, lowering the domestic price.
  c. increasing the domestic demand for the product and, thereby, increasing its price.
  d. providing the incentive for domestic producers to improve the efficiency of their operation and, thereby, reduce their per-unit costs of production.

Question 2

According to the public choice theory, voters who choose to remain uninformed about the issues are behaving irrationally.
 a. True
  b. False
  Indicate whether the statement is true or false

[joanwhite]

Answer to Question 1

a

Answer to Question 2

False

[cagreen833]

Excellent

[kishoreddi]

Gracias!