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Author Question: There is always some economic rent whenever the: A) demand for a factor is downward sloping. B) ... (Read 19 times)

nmorano1

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on: Jul 1, 2018
There is always some economic rent whenever the:
 
  A) demand for a factor is downward sloping.
  B) supply of a factor is upward sloping.
  C) supply and demand intersect.
  D) supply of a factor is horizontal.

Question 2

Import tariffs generally result in
 
  A) higher domestic prices.
  B) less consumer surplus.
  C) more producer surplus for domestic producers.
  D) a deadweight loss.
  E) all of the above


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djofnc

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

E


nmorano1

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Reply 2 on: Jul 1, 2018
Excellent

milbourne11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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