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Author Question: The current U.S. average tariff rate is A) less than 5 percent. B) greater than 10 percent. C) ... (Read 120 times)

shenderson6

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on: Jun 29, 2018
The current U.S. average tariff rate is
 
  A) less than 5 percent.
  B) greater than 10 percent.
  C) approximately 20 percent.
  D) over 50 percent.

Question 2

Consider a PPF for tapes and soda. If the opportunity cost of a tape increases as the quantity of tapes produced increases and also the opportunity cost of a soda increases as the quantity of soda produced increases, then the PPF between the two
 
  goods will be A) a straight, downward-sloping line.
  B) a straight, upward-sloping line.
  C) bowed outward.
  D) All of the above are possible and more information is needed to determine which answer is correct.


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6ana001

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


shenderson6

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Reply #2 on: Jun 29, 2018
Correct answers!


6ana001

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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