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

question 2

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

-Proponents of strategic trade policy contend that:

• A)government should tax domestic firms to generate greater revenues.
• B)government should encourage imports to prevent monopoly in the domestic market.
• C)government should provide subsidies to domestic firms with decreasing costs.
• D)government should discourage domestic firms with decreasing costs from continuing production.
• E)government should tax domestic import competing firms.

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Definitions:

Mixing Machines

Equipment used in various industries such as food, pharmaceuticals, and chemicals to combine or blend different ingredients into a homogeneous mixture.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period.

Variable Cost

Expenses that change in proportion with production output or business activity level.

Milling Machine

A machine tool used to machine solid materials, typically by cutting, boring, drilling, or threading.