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

Author Question: According to this Application, tariffs in the United States are very high on textiles, apparel ... (Read 91 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
According to this Application, tariffs in the United States are very high on textiles, apparel items, and footwear, and within these categories tariffs are highest on the cheapest products.
 
  These tariffs disproportionately impact lower-income households because
  A) only lower-income consumers buy cheap, imported products.
  B) these cheaper products tend to be purchased by lower-income consumers.
  C) higher-income consumers can deduct the tariff from their income taxes.
  D) higher-income consumers tend to refuse to purchase products with tariffs.

Question 2

In the figure above, when disposable income equals 10 trillion,
 
  A) consumption expenditure is greater than disposable income but it is not possible to determine if consumers are saving or dissaving.
  B) consumption expenditure is less than disposable income, so consumers are dissaving.
  C) consumption expenditure is less than disposable income, so consumers are saving.
  D) consumption expenditure is greater than disposable income, so consumers are saving.
  E) consumption expenditure is greater than disposable income, so consumers are dissaving.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

B

Answer to Question 2

E




RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

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

For a complete list of videos, visit our video library