Explain who gains and who loses from an import quota

Reference no: EM133341697

Questions:

Explain who gains and who loses from an import quota and why the losses exceed the gains?

Can protection save jobs and the environment and prevent workers in developing countries from being exploited?

Explain why equalizing the marginal utility per dollar for all goods maximizes utility?

If a consumer's income increases and if all goods are normal goods, explain how the quantity bought of each good changes?

What is the distinction between total utility and marginal utility?

When a consumer chooses the combination of goods and services to buy, what is she or he trying to achieve?

When the price of a good falls and the prices of other goods and a consumer's income remain the same, explain what happens to the consumption of the good whose price has fallen and to the consumption of other goods

Is the U.S. economy competitive? Is it becoming more competitive or less competitive?

Explain the effects of a tariff on domestic production, the quantity bought, and the price.

Why is the net gain from international trade positive?

Reference no: EM133341697

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