The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 5

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-When restrictions alter the pattern of international trade, the _____ benefit and the _____ suffer(s) .

• A)domestic consumers; domestic producers
• B)domestic consumers; government
• C)domestic producers; domestic consumers
• D)foreign producers; domestic producers
• E)foreign producers; domestic consumers

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Definitions:

Government Expenditures

Refers to the financial spending by a government, including the funding of public services, infrastructure, and social programs.

Receipts

Documents acknowledging that a transaction has taken place and that a payment has been made or received.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, illustrating how much tax will be paid on an additional dollar of income.

Monetary Policies

Economic strategies, implemented by a central bank, that regulate the amount of money in circulation to control inflation, employment, and economic growth.