This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, ... (Read 50 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, the United States:
 a. will not produce steel.
  b. will demand steel from the rest of the world.
  c. will supply steel to the rest of the world.
  d. will not trade steel.
  e. will have a shortage of steel in the domestic market.

Question 2

Which of the following may involve external benefits?
 a. drunken driving.
 b. smoking.
 c. public education.
 d. highway congestion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


maegan_martin

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
:D TYSM

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

The cotton-top tamarin (Saguinus oedipus), also known as the Pinche tamarin, is a small New W The cotton-top tamarin (Saguinus oedipus), also known as the Pinche tamarin, is a small New W
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
World Crude Oil Production and Reserves (Billions of Barrels) World Crude Oil Production and Reserves (Billions of Barrels)
Globalization and Diversity: Geography of a Changing World, 4th Edition Globalization and Diversity: Geography of a Changing World, 4th Edition
Video: Central Nervous System Animation

For a complete list of videos, visit our video library