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Author Question: If the United States were to increase the tariff for steel by 50, what would the desired effect of ... (Read 64 times)

bobbysung

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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


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meltdown117

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Reply #1 on: Jul 14, 2018
Answer to Question 1

C

Answer to Question 2

B


bobbysung

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Reply 2 on: Jul 14, 2018
YES! Correct, THANKS for helping me on my review

tkempin

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

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