Tariffs and Quotas on Imported Goods Used as Inputs in Production

question 38

Multiple Choice

Tariffs and quotas on imported goods used as inputs in production shift the

• A)AS curve to the right.
• B)AS curve to the left.
• C)AD curve to the right.
• D)None of the choices are correct.

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Definitions:

Rights Offering

An offer to existing shareholders to purchase additional shares at a discount before the shares are offered to the public.

Subscription Price

The cost charged to subscribe to a service or investment, such as a magazine subscription or the price to subscribe to shares in a rights issue.

Market Price

The marketplace value at this time for an asset or service.