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Author Question: Based on Figure 6.1, suppose the government puts a tariff of 0.25 per bushel on soybean imports. How ... (Read 95 times)

charchew

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Based on Figure 6.1, suppose the government puts a tariff of 0.25 per bushel on soybean imports. How much will the tariff reduce imports?
 
  A) Imports will decrease by 10 million bushels.
  B) Imports will decrease by 20 million bushels.
  C) Imports will decrease by 60 million bushels.
  D) Imports will not change after the tariff.

Question 2

Measurements of TFP indicate that the East Asian success story is based on
 
  A) a significantly different economic model from the one followed in the West.
  B) unusually large amounts of innovation.
  C) rapid increases in the education of the work force.
  D) high amounts of savings and investment.


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IAPPLET

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charchew

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


alvinum

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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