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Question
The extra profit that producers make when supply is artificially limited by an import quota is referred to as a:A.net profit.
B.quota rent.
C.trade surplus.
D.profit margin.
E.quota share.
Answer
This answer is hidden. It contains 104 characters.
Related questions
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Q:
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What kind of demand is seen when a small change in price produces a large change in demand?
A.Elastic
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In which of the following conditions does arbitrage occur?
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C.When a firm imports products from a manufacturer and distributes them directly through retail outlets
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If a firm favors a push strategy, using direct selling to educate potential consumers about the features of its products, what kind of products would it most likely sell?
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Which of the following is true of the barriers to international communication?
A.Noise tends to increase the probability of effective communication.
B.Source effects can be beneficial for an international business when potential consumers in a target country have a bias against foreign firms.
C.Many international businesses try to promote positive source effects by deemphasizing their foreign origins.
D.Fewer firms vie for the attention of prospective customers in developing countries, thus the noise level is lower.
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According to research, when do consumers usually use the country of origin as a cue when evaluating a product?
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D.When a limited number of messages compete with each other for consumers' attention
E.When a firm resorts to personal selling instead of mass media advertising