-Refer to the Diagram Above

question 109

Multiple Choice

-Refer to the diagram above.If this country imposes an import quota of 500 pairs of shoes per year,then the price is ____________________ per pair,the quantity consumed domestically is ____________________ pairs per year,and total economic surplus is ____________________ per year.

• A) $20;1500;$20,000
• B) $15;1000;$20,000
• C) $15;1250;$21,250
• D) $15;1500;$25,000
• E) $10;500;$25,000

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Definitions:

Overall Impression

A general assessment or perception of something, typically considering all aspects or a comprehensive view.

Rating Scale

A tool used to capture responses or opinions by providing a set of categories that quantify characteristics, feelings, or attitudes.

Autobiography

A procedure that asks an individual to write subjective information that stands out in his or her life. In some ways, the information highlighted in an individual’s autobiography is a type of projective test of his or her unconscious mind. A type of record and personal document.

Strict Instructions

Detailed and precise directions given to participants to ensure standardization and reliability during the administration of a test or procedure.