This topic contains a solution. Click here to go to the answer

Author Question: If the tariffs on textiles, apparel items, and footwear mentioned in the Application were replaced ... (Read 149 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
If the tariffs on textiles, apparel items, and footwear mentioned in the Application were replaced by equivalent voluntary export restraints (VERs), who would benefit the most?
 
  A) the U.S. government B) high-income consumers
  C) low-income consumers D) the foreign manufacturer

Question 2

The figure above shows the market for fast food restaurant employees in a college town in a small nation to the East. The local Taco Bell pays its workers 12 an hour. This wage rate is
 
  A) designed reduce the unemployment rate.
  B) an effort to increase the demand for labor.
  C) illegal because the equilibrium wage rate is 6 an hour.
  D) an efficiency wage aimed at reducing employee turnover.
  E) the actual equilibrium wage rate.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Answer to Question 1

D

Answer to Question 2

D




moongchi

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
Excellent


cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

For a complete list of videos, visit our video library