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

Author Question: In 2002 the U. S. had a quota on 100 percent cotton and cotton blend jeans manufactured in China. ... (Read 69 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Sep 11, 2018
In 2002 the U. S. had a quota on 100 percent cotton and cotton blend jeans manufactured in China. Before the back to school season all manufacturers had reached their cotton denim quota and many of the jeans ordered by retailers were held in customs. This is an example of a tariff-rate quota.
 
  a. True
  b. False

Question 2

What occurs when the quantity demanded of a product equals the quantity supplied?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Sep 11, 2018
Answer to Question 1

b
This is an absolute quota

Answer to Question 2

Market equilibrium occurs when the quantity demanded of a product equals the quantity
supplied.


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Sep 11, 2018
Great answer, keep it coming :)

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Any number of crossovers gives 50 percent recombinants Any number of crossovers gives 50 percent recombinants
China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
The comet Ikeya-Zhang exhibiting a bright, condensed coma (March 2002) The comet Ikeya-Zhang exhibiting a bright, condensed coma (March 2002)
Cai Guo-Qiang, Project to Extend the Great Wall of China by 10,000 Meters: Project for ... Cai Guo-Qiang, Project to Extend the Great Wall of China by 10,000 Meters: Project for ...
How to convert fractions to decimals to percent How to convert fractions to decimals to percent
How to solve any percent efficiency problem How to solve any percent efficiency problem
Video: Bond in biological molecules (Ionic, Covalent and Hydrogen bonds)/ How atoms bond?

For a complete list of videos, visit our video library