C13 Microeconomics Online Exams 1-8 Answers (Ashworth College)

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C. imports increase, domestic production decreases, prices decrease D. imports decrease, domestic production increases, prices decrease Question 18 of 20 5.0/ 5.0 Points Which of the following situations will arise in the domestic market following the imposition of an import ban? A. imports increase, domestic production increases, prices increase B. imports increase, domestic production decreases, prices decrease C. imports decrease, domestic production increases, prices increase D. imports decrease, domestic production increases, prices decrease Question 19 of 20 5.0/ 5.0 Points An import ban results in __________ . A. a decrease in the supply of the product B. an increase in the product's price C. a decrease in the quantity of the product bought and sold D. all of the above Question 20 of 20 5.0/ 5.0 Points The consumption possibilities curve shows the combinations of goods that can be __________ . A. consumed by a nation before trade begins B. consumed by a nation after trading begins
C. produced by a nation before trading begins D. produced by a nation after trade begins
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C13 Microeconomics Online Exams 1-8
Page 3 and 4:
C. the cost of bait, any other mone
Page 5 and 6:
A. allowing the government and othe
Page 7 and 8: C. The answer depends on how much y
Page 9 and 10: D. 20 Question 2 of 205.0/ 5.0 Poin
Page 11 and 12: C. consumer income D. the cost of p
Page 13 and 14: Question 13 of 5.0/ 5.0 Points 20 T
Page 15 and 16: A. consumer income rises B. the pri
Page 17 and 18: C. $55,000 D. $100,000 Question 4 o
Page 19 and 20: B. maximum amount the consumer woul
Page 21 and 22: If the government imposes a maximum
Page 23 and 24: B. a monetary payment from the gove
Page 25 and 26: A. increase and output will decreas
Page 27 and 28: D. encourage driving to generate re
Page 29 and 30: A. are designed to encourage more p
Page 31 and 32: C. Fixed costs are always the large
Page 33 and 34: A. the different combinations of tw
Page 35 and 36: C. the foregone interest and the co
Page 37 and 38: The equimarginal rule __________ .
Page 39 and 40: A. a perfectly competitive market B
Page 41 and 42: A. demand for butter increased caus
Page 43 and 44: C. firms act strategically D. all o
Page 45 and 46: A. change in labor necessary to pro
Page 47 and 48: D. reduce the wealth of the poorest
Page 49 and 50: A. an increase in demand for highly
Page 51 and 52: C. individual labor supply D. marke
Page 53 and 54: A. autarky B. absolute advantage C.
Page 55 and 56: A. increase imports and raise price
Page 57: Suppose there are only two nations,
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C13 Microeconomics Online Exams 1-8 Answers (Ashworth College)

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