Author Question: The United States would gain from the elimination of tariffs and quotas even if other countries do ... (Read 77 times)

fox

  • Hero Member
  • *****
  • Posts: 540
The United States would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas.
 
  Indicate whether the statement is true or false

Question 2

Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico which subsequently drove up natural gas, gasoline, and heating oil prices.
 
  Three years later, once the refining capacity was restored, these prices came back down. The restoration of refining capacity should
  A) move the economy up along a stationary short-run aggregate supply curve.
  B) move the economy down along a stationary short-run aggregate supply curve.
  C) shift the short-run aggregate supply curve to the left.
  D) shift the short-run aggregate supply curve to the right.



Gabe

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

For a complete list of videos, visit our video library