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

Author Question: Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, ... (Read 153 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, will leave the country as a whole
 
  A) worse off than a comparable tariff.
  B) not as bad off as a comparable tariff.
  C) about the same as a comparable tariff.
  D) Any of the above can be true.

Question 2

A price taker is
 
  A) a firm that accepts different prices from different customers.
  B) a consumer who accepts different prices from different firms.
  C) a perfectly competitive firm.
  D) a firm that cannot influence the market price.
  E) both C and D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

E


Frost2351

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
Provisions of The Underwood-Simmons Tariff Provisions of The Underwood-Simmons Tariff
Active Compared with Passive Voice Active Compared with Passive Voice
Light beer has about the same amount of alcohol as regular beer Light beer has about the same amount of alcohol as regular beer
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Video: The Nerve Impulse

For a complete list of videos, visit our video library