If imports are constrained by a quota and demand increases then:
A) prices will rise.
B) prices will fall.
C) the quantity imported will increase.
D) the quantity imported will fall
E) neither price nor quantity will change.
Correct Answer:
Verified
Q29: When a quota is imposed:
A) foreign firms
Q30: Like tariffs, quotas generally lead to:
A) an
Q31: If a government auctions its quota:
A) domestic
Q32: To calculate a tariff equivalent for a
Q33: When demand increases for a good subject
Q35: Which of the following statements is true?
A)
Q36: With a quota, as the domestic demand
Q37: After a quota has been imposed in
Q38: Which of the following statements is false?
A)
Q39: In moving from free trade to a
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