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Author Question: Repealing a tariff will likely A) increase the quantity produced domestically, increase the ... (Read 64 times)

tuffie

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Repealing a tariff will likely
 
  A) increase the quantity produced domestically, increase the quantity purchased domestically, and reduce the price charged domestically.
  B) reduce the quantity produced domestically, increase the quantity purchased domestically, and reduce the price charged domestically.
  C) reduce the amount produced abroad, reduce the price domestically, and reduce the quantity purchased domestically.
  D) increase the amount produced abroad, increase the price domestically, and reduce the quantity purchased domestically.

Question 2

Considering that the U.S. places a quota on imports of steel from South Korea, which of the following would NOT likely occur?
 
  A) The price of steel in the United States would increase.
  B) The quantity of steel produced in the United States would increase or stay the same.
  C) The demand for steel in the United States will increase.
  D) The quantity demanded for steel in the United States will decrease.


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gstein359

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tuffie

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


vickyvicksss

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Reply 3 on: Yesterday
Excellent

 

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