This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the United States were to increase the tariff for steel by 50, what would the desired effect of ... (Read 71 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jul 14, 2018
If the United States were to increase the tariff for steel by 50, what would the desired effect of this change be?
 A) To increase the price and amount of steel imports
  B) To decrease the price and amount of steel imports
  C) To increase the price of steel imports and decrease the amount of steel imports
  D) To decrease the price of steel imports and increase the amount of steel imports
  E) To establish a quota on steel imports

Question 2

If Brazil lowers their import quota for oil from Saudi Arabia, what is the desired effect of this change?
 A) Increase oil imports from Saudi Arabia
  B) Decrease oil imports from Saudi Arabi
  C) Halt oil imports from Saudi Arab
  D) Increase oil exports to Saudi Arabia
  E) Decrease oil exports to Saudi Arabia


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 14, 2018
Answer to Question 1

C

Answer to Question 2

B


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jul 14, 2018
Great answer, keep it coming :)

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

The Seasonality Effect The Seasonality Effect
Effect of Landfall Effect of Landfall
Increase in rainfall on continents Increase in rainfall on continents
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
The Doppler Effect The Doppler Effect
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Video: Parkinson's Disease

For a complete list of videos, visit our video library