If a nation that imports a good imposes a tariff, it will increase a. the domestic quantity

Question:

If a nation that imports a good imposes a tariff, it will increase

a. the domestic quantity demanded.

b. the domestic quantity supplied.

c. the quantity imported from abroad.

d. the efficiency of the equilibrium.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

See More Books

Question Posted: Jan 27, 2024 11:01 PM

See More Questions

Multiple Choice Questions 1. If a nation that does not allow international trade in steel has a domestic price of steel lower than the world price, then a. The nation has a comparative advantage in...
MCQ questions: 1. An increase in oil prices, such as the oil shocks in the 70s, lead to _______ thereby causing ________ a movement along the AS curve; cost-push inflation a leftward shift in the AS...
The demand and supply for automobiles in a certain country is given in the graph below. a. Assume that the economy is open to trade, and the world price of automobiles is $10,000. Using the graph...
Show that the allocation which solves the first-order condition from Eq. (3.7) for a social optimum satisfies the second-order conditions. Equation 3.7 -C(e) = D'(E) i=1,.... (3.7)
The current through the 4.0-k resistor in Fig. 19-63 is 3.50mA. What is the terminal voltage Vba of the unknown battery? (There are two answers. Why?) 4.0 k 1.0 2 8.0 k2 12.0 V
Complete the following statements. a a__results when the total of the assets remain the same but the makeup of the assets has changed. b. Assets-_=Owners Equity. c. Capital does notmean_. Shift...
What type of merger will achieve this objective? What are the potential problems of this kind of merger from the consumers point of view?
The Chen Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2016, Chen's budget department gathered the following data to prepare budgets for 2017: 2017 Projected Sales...
Marin Company makes several products, including canoes. The company reports a los5 from its canoe segment (see below). All its variable costs are avoidabie, and \$325,000 of its fixed costs are...
Which of the following trade policies would benefit producers, hurt consumers, and increase the amount of trade? a. the increase of a tariff in an importing country b. the reduction of a tariff in an...
When a nation opens itself to trade in a good and becomes an importer, a. producer surplus decreases, but consumer surplus and total surplus both increase. b. producer surplus decreases, consumer...
(a) Find expressions for R1, R2, and L in the output impedance model for a MOS source follower assuming RS 1/g m , 0, and sb = o . (b) Plot the magnitude of the output impedance versus frequency...
Experiment 3 19. Now click on Circuit 5 and set the values for the Resistors and Voltage as follows: a. R1 =10.0 W, R2 = 20.0 W, R3 = 50.0 W, R4=50.0 W, V=10.0 V. b. Using the formula for adding...
This problem is based on the JA Tires data that was first introduced in problem 6-35. If you have not already accessed the data, it can be downloaded from the textbook website or from the attached...
Based in Miramichi, New Brunswick, Abenaki Associates Ltd. has been providing information and computer software technology to First Nation customers for more than thirty years. Abenaki Associates is...
a = [1,2,3,4] b= a -1 print(b) What is the output? The code does not make errors. Q3. (10 pts) What is the output? The code does not make errors. n=3 for k in range (n) : for m in range (k):...
Rodriguez Corporation issues 12,000 shares of its common stock for $62,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The...
According to Newton's law of gravity, the value of g at a given location is inversely proportional to the square of the distance of the location from the center of the earth. Determine the weight of...
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
For each of the following scenarios, identify whether it is best explained as an example of overconfidence, availability bias, anchoring bias, representativeness bias, focusing illusion, or loss...
You have $500 to invest in the stock market and are considering buying shares in Walmart and Target, both of which are trading at $50 per share. Analysts believe theres a 50% chance of the economy...
You currently have $10,000 in total wealth and rate your current utility at 4.25. You are deciding if you should invest your money in your friends automotive restoration business. There is a 50%...
Summarize in your own words Sharps, Treynors, and Jensens Measures for assessing portfolio performance with respect to risk. Assess the portfolio performance of mutual fund VDIGX taking into...
Question 1 Slat and Company have recently set up a business which will manufacture and sell a furniture component, the F12 On the 19 August 2021, the company issued 85,000 of share capital for cash....
The following is Addison Corporations contribution format income statements for last month. The company has no beginning or ending inventories. A total of 10,000 units were produced and sold last...

If a nation that imports a good imposes a tariff, it will increase a. the domestic quantity

Question:

Step by Step Answer:

Principles Of Microeconomics

Students also viewed these Business questions