One of the reasons economists approve of limiting trade would be
A) the protection of the environment.
B) the preservation of a high employment company.
C) the preservation of a high wage company.
D) the preservation of a large production company.
Correct Answer:
Verified
Q48: If the opportunity cost of producing a
Q49: Limiting trade can be accomplished with
A)tariffs.
B)quotas.
C)non-tariff regulatory
Q50: If the opportunity cost of producing a
Q51: A quota will typically
A)increase the price received
Q52: One of the reasons economists approve of
Q54: The country with a comparative advantage in
Q55: One of the reasons economists approve of
Q56: On a supply and demand diagram, a
Q57: A country that is limiting imports of
Q58: Comparative advantage in production of the good
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