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

Author Question: The diagram below shows the demand and supply curves for refrigerators in Canada.FIGURE 20-1Refer to ... (Read 144 times)

petersan

  • Full Member
  • ***
  • Posts: 144
on: Oct 12, 2022

The diagram below shows the demand and supply curves for refrigerators in Canada.



FIGURE 20-1

Refer to Figure 20-1. If we compare the effect of an import tariff with the effect of an import quota in this market, both of which cause the Canadian price to increase by the same amount, the major difference between the two policies is


◦ the tariff raises revenue for the government whereas the quota benefits foreign producers.
◦ the tariff does not directly affect the price consumers pay whereas the quota does.
◦ the tariff raises revenue for the protected producers whereas the quota benefits the government.
◦ the tariff directly affects the price consumers pay whereas the quota has neither direct nor indirect price effects.
◦ the quota does not directly reduce the quantity whereas the tariff does.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by petersan on Oct 12, 2022

SphnxKickin

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


petersan

  • Member
  • Posts: 144
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Energy-flow diagram for a Georgia salt marsh. Energy-flow diagram for a Georgia salt marsh.
Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and
Anatomy Diagram Of Human Body Anatomy Diagram Of Human Body
Attributed to the Manner of Peleus Painter, Red-figure calyx-krater. Attributed to the Manner of Peleus Painter, Red-figure calyx-krater.
Lean 6 Sigma - LHM SIPOC Diagram Lean 6 Sigma - LHM SIPOC Diagram
Statistics Canada, Labour Force Survey Statistics Canada, Labour Force Survey
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library