The Following Graph Shows the Demand for and the Supply

question 64

Multiple Choice

The following graph shows the demand for and the supply of a good in a country. If the world price of the good is $2.00 per unit and an import quota of 50 units per month is imposed, then:

• A) domestic production will increase from 100 to 200 units per month.
• B) imports will increase from 25 to 50 units per month.
• C) domestic production will increase from 100 to 175 units per month.
• D) domestic production will increase from 100 to 125 units per month.
• E) domestic production will increase from 100 to 150 units per month.

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Definitions:

Organized Wholes

The principle that the mind tends to integrate perceptual input into whole, complete structures rather than perceiving separate parts.

Bug Detectors

Devices used to detect and locate eavesdropping devices or surveillance bugs.

Superior Colliculus

A structure in the midbrain that plays a significant role in orienting movements of the eyes and head, and in processing visual and other sensory information.

Ganglion Cells

Retinal neurons that gather visual data from photoreceptors and relay it to the brain via the optic nerve.