To reduce imports, suppose that the government of Norway’s imposes a – McqOptions

MCQOPTIONS

1.	To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?
A.	increase, increase
B.	increase, decrease
C.	decrease, increase
D.	decrease, decrease
Answer» D. decrease, decrease

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