pls i choose d, but not too sure. i will leave a comment 40...If penalties are...
pls i choose d, but not too sure. i will leave a comment
40...If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ________ and the equilibrium quantity ________.
A. rises; decreases B. rises; increases C. falls; decreases D. falls; increases
35..Which of the following best describes a subsidy?
A.
Banks make low-interest loans to farmers.
B.
The government puts a tax of $100 per ton on wheat imports.
C.
The government pays farmers $100 per ton of wheat produced.
D.
Farmers pay the government $100 per ton of wheat produced.
34..For a monopsony, the labor supply curve is
A.
above the MCL curve.
B.
always below the VMP curve.
C.
upward sloping.
D.
downward sloping.
Homework Answers
40) If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price rises and the equilibrium quantity decreases. So option A is the correct answer.
35) The government pays farmers $100 per ton of wheat produced is the best option from the given options to describe a subsidy. So option C is the correct answer.
34) For a monopsony, the labor supply curve is upward sloping. So option C is the correct answer.
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pls i choose d, but not too sure. i will leave a
comment
40...If penalties are...
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I need help solving this Asap. thanks alot.
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pls explain steps too!
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Hello, I had already solve this questions with the best of my knowdlege. Please let me...
Hello, I had already solve this questions with the best of my
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pls explain steps too!
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2)
Chile is an importer of computer chips, taking the world price
of $12 per chip as given. Suppose Chile imposes a $7 tariff on
chips. Which of the following outcomes is possible?
A.
The price of chips in Chile increases to $16; the quantity of
Chilean-produced chips increases; and the quantity of chips
imported by Chile decreases.
B.
The price of chips in Chile increases to $19; the quantity of
Chilean-produced chips increases; and the quantity of chips
imported...
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I need help with these Mcq's please. Thank you
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I need help with these Mcq's please. Thank you
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Hello, I had already solve this questions with the best of my
knowdlege. Please let me know if they are correct. Thanks.
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