Author Question: The United States would gain from the elimination of tariffs and quotas even if other countries do ... (Read 39 times)

fox

  • Hero Member
  • *****
  • Posts: 540
The United States would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas.
 
  Indicate whether the statement is true or false

Question 2

Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico which subsequently drove up natural gas, gasoline, and heating oil prices.
 
  Three years later, once the refining capacity was restored, these prices came back down. The restoration of refining capacity should
  A) move the economy up along a stationary short-run aggregate supply curve.
  B) move the economy down along a stationary short-run aggregate supply curve.
  C) shift the short-run aggregate supply curve to the left.
  D) shift the short-run aggregate supply curve to the right.



Gabe

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

For a complete list of videos, visit our video library