« previous next »

Author Question: Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from ... (Read 59 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from cheap foreign labor? I. Low-wage foreigners are just as productive as U.S. workers. II. U.S. workers have a comparative advantage in low-wage jobs.
 
  A) I only
  B) II only
  C) I and II
  D) Neither I nor II is correct.

Question 2

When a market is in equilibrium, the total amount of consumer surplus must be ________ the total amount of producer surplus.
 
  A) larger than
  B) equal to
  C) less than
  D) None of the above answers are correct.


stillxalice

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

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?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Decorative white silk crosses are an ingenious tactic used by orb-weaving spiders to protect their w Decorative white silk crosses are an ingenious tactic used by orb-weaving spiders to protect their w
Healthy workers of the invasive garden ant (Lasius neglectus) remove an infectious fungal pathogen Healthy workers of the invasive garden ant (Lasius neglectus) remove an infectious fungal pathogen
TrUe....FaLsE TrUe....FaLsE
True Friendship True Friendship
Atlantic Slave Trade, 1451–1870 Atlantic Slave Trade, 1451–1870
Workers at a Nike factory in Indonesia insert soles into sneakers for fourteen cents an hour. Workers at a Nike factory in Indonesia insert soles into sneakers for fourteen cents an hour.
Video: Coaductile pathway, Timing of contraction signal & Conduction system and ECG

For a complete list of videos, visit our video library