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Author Question: The figure above shows that as a result of the tariff, producer surplus in the United States A) ... (Read 101 times)

cnetterville

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on: Jun 29, 2018
The figure above shows that as a result of the tariff, producer surplus in the United States
 
  A) decreases by 105 million per year.
  B) increases by 55 million per year.
  C) decreases by 30 million per year.
  D) decreases by 20 million per year.
  E) remains unchanged.

Question 2

Many predict there will be permanent, growing shortages of oil by the year 2025. The prognosticators are assuming
 
  A) oil prices will fall.
  B) oil prices will not adjust appropriately to coordinate the market.
  C) oil prices will rise.
  D) greed will ruin the supply and demand process in the world oil market.


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Loise Hard

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

B

Answer to Question 2

B


cnetterville

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

at

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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