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If the government imposes an effective quota on good Y, the consumers' total expenditure on good Y will

Filipino maids working as domestic helpers in Hong Kong receive a minimum wage. They usually have to wait for a long time before obtaining employment in Hong Kong. They would have a shorter waiting time and more employment opportunities in Hong Kong if

A tax is imposed on a commodity. The tax burden on the consumers is relatively smaller if the commodity has an _____ demand and an _____ supply.

Country A prefers to impose quotas rather than tariffs in restricting the amount of imports. Which of the following is a possible reason?

If the government imposes a price floor below the equilibrium price, there will be

The diagram below shows the demand and supply of Good X. The original equilibrium point is E0.

If the government imposes an excise tax on the good, the equilibrium point will change from E0 to

A tax on using the Cross-Harbour Tunnel will have the least effect on solving the Tunnel's congestion problem if

The below diagram shows the price and quantity of Good X. The price increases from Pc to Pe after the price ceiling is cancelled. As a result, the total expenditure on Good X will

When the tax on commodity X is doubled, its tax revenue is also doubled. This indicates that

Suppose the government raises the first registration tax on newly-imported cars by $10 000. Which of the following is FALSE?