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Social Science Clinic => Economics => Topic started by: cnetterville on Jun 30, 2018

Title: When the U.S. placed tariffs on French wine, France placed high tariffs on U.S. chickens. This is an ...
Post by: cnetterville on Jun 30, 2018

When the U.S. placed tariffs on French wine, France placed high tariffs on U.S. chickens. This is an example of
 
  A) deadweight losses.
  B) multilateral negotiations.
  C) bilateral trade negotiations.
  D) international market failures.
  E) a trade war.

Question 2

The Leontief Paradox
 
  A) failed to support the validity of the Heckscher-Ohlin model.
  B) supported the validity of the Ricardian theory of comparative advantage.
  C) supported the validity of the Heckscher-Ohlin model.
  D) failed to support the validity of the Ricardian theory.
  E) proved that the U.S. economy is different from all others.

Title: When the U.S. placed tariffs on French wine, France placed high tariffs on U.S. chickens. This is an ...
Post by: Harbringer on Jun 30, 2018

Answer to Question 1

E

Answer to Question 2

A