There is always some economic rent whenever the: A) demand for ...

[nmorano1]

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

[djofnc]

Answer to Question 1

B

Answer to Question 2

E

[nmorano1]

Excellent

[jordangronback]

TYSM