Author Question: In order for large countries to successfully use tariffs to increase well-being, A) they must ... (Read 282 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
In order for large countries to successfully use tariffs to increase well-being,
 
  A) they must have significant market power .
  B) the deadweight loss created by the tariff must be greater than the government revenue the tariff generates.
  C) domestic production must increase more significantly than for the small country case.
  D) domestic consumption and imports must decrease more significantly than in the small country case.

Question 2

One economic advantage of a large share of exports in GDP is that countries
 
  A) can reduce their budget deficits.
  B) can purchase the imports they need.
  C) can maintain lower rates of unemployment.
  D) develop more labor-intensive industry.


mcni194

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

For a complete list of videos, visit our video library