Author Question: The United States would gain from the elimination of tariffs and quotas even if other countries do ... (Read 70 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?

The average adult has about 21 square feet of skin.

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?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

For a complete list of videos, visit our video library