This topic contains a solution. Click here to go to the answer

Author Question: The U.S.Colombia Trade Promotion Agreement was signed on November 22, 2006, in Washington, D.C. This ... (Read 115 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
The U.S.Colombia Trade Promotion Agreement was signed on November 22, 2006, in Washington, D.C. This comprehensive trade agreement eliminated tariffs and other barriers to goods and services.
 
  Colombia will immediately eliminate tariffs on wheat, barley, peanuts, and many other products in which Columbia does not have a comparative advantage. This policy means that the price of peanuts in Columbia will become A) equal to the free trade price.
  B) lower than the free trade price.
  C) higher than the price when a tariff was in place.
  D) higher than the free trade price.

Question 2

Suppose the economy is at point B. If a recession in another country decreases exports, to what point might economy move in the short run?
 
  A) It stays at point B.
  B) It shifts to a point such as A.
  C) It shifts to a point such as C.
  D) None of the above answers are correct because it is the SAS curve that shifts, not the AD curve.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

B




kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

For a complete list of videos, visit our video library