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Author Question: The imposition of a quota on an imported good A) shifts the demand curve down for the good. B) ... (Read 40 times)

sjones

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on: Jul 1, 2018
The imposition of a quota on an imported good
 
  A) shifts the demand curve down for the good.
  B) shifts the supply curve up for the good.
  C) Both A and B.
  D) Not enough information to determine.

Question 2

If a firm used a combination of inputs that was to the left of its isocost line, it would indicate that
 
  A) it is exceeding its budget.
  B) it is not spending all of its budget.
  C) it is operating at its optimal point because it is saving money.
  D) None of the above


srodz

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

B

Answer to Question 2

B


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