The Graph Shown Demonstrates the Domestic Demand and Supply for a Good

question 148

Multiple Choice

The graph shown demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good. If this economy's government restricts free trade, area G will represent quota rents going to:

• A)domestic producers.
• B)foreign firms or governments.
• C)the domestic government.
• D)foreign producers.

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Definitions:

Phenylthiohydantoin

An aromatic compound derived from the reaction of amino acids with phenylisothiocyanate, used in sequencing peptides.

Phenylisothiocyanate

An organic compound used in the Edman degradation method for sequencing amino acids in peptides.

Bradykinin

A peptide that causes blood vessels to dilate (enlarge), resulting in a drop in blood pressure and increased pain sensitivity.

Nonapeptide

A peptide consisting of nine amino acid residues.