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Author Question: If it can be shown that a tariff on steel imports will increase employment in the steel industry, we ... (Read 48 times)

burchfield96

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on: Jun 30, 2018
If it can be shown that a tariff on steel imports will increase employment in the steel industry, we can be sure that the effect of the tariff on U.S. employment will also be positive.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A country has a comparative advantage when the opportunity cost of producing a good in terms of:
 a. the monetary value of other forgone goods is lower than that of other nations.
  b. the monetary value of other forgone goods is greater than that of other nations.
  c. forgone output of other goods is higher than that of other nations.
  d. forgone output of other goods is lower than that of other nations.
  e. forgone output of other goods is equal to that of other nations.


ebonylittles

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


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