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

Author Question: If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, ... (Read 52 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, the United States:
 a. will not produce steel.
  b. will demand steel from the rest of the world.
  c. will supply steel to the rest of the world.
  d. will not trade steel.
  e. will have a shortage of steel in the domestic market.

Question 2

Which of the following may involve external benefits?
 a. drunken driving.
 b. smoking.
 c. public education.
 d. highway congestion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


maegan_martin

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
:D TYSM

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

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?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Location of major biodiversity hot spots around the world. Location of major biodiversity hot spots around the world.
Old World Swallowtail of the endemic Great Britain subspecies britannicus Old World Swallowtail of the endemic Great Britain subspecies britannicus
World coal reserves in gigatonnes World coal reserves in gigatonnes
Chloroplasts Feed the World Chloroplasts Feed the World
teach their children to care for the earth in hopes of passing on a better world to future generatio teach their children to care for the earth in hopes of passing on a better world to future generatio
How The World Is Urbanizing How The World Is Urbanizing
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library