Author Question: There is always some economic rent whenever the: A) demand for a factor is downward sloping. B) ... (Read 63 times)

nmorano1 · **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