« previous next »

Author Question: One reason why consumers are unlikely to be too upset about tariffs is because A) most consumers ... (Read 115 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
One reason why consumers are unlikely to be too upset about tariffs is because
 
  A) most consumers benefit from protection.
  B) tariffs are an inexpensive way to create jobs.
  C) consumer losses are not real losses.
  D) the costs are so spread out that no one pays a big share of the total.

Question 2

If the dollar/pound exchange rate is 2/, a Big Mac costs 5 in New York City and costs 4 in London, the pound is ________, and U.S. tourists will be ________.
 
  A) overvalued; better off in London
  B) overvalued; better off in New York
  C) undervalued; better off in London
  D) undervalued; better off in New York
International Economics ¦ Gerber ¦ 6th Edition
Buy Test-Bank


connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

The Real Reason Why They Repeat the Same 20 Songs on the Radio & TV Nationwide The Real Reason Why They Repeat the Same 20 Songs on the Radio & TV Nationwide
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
The Titanic carried only twenty lifeboats, a reason why so many perished in 1912. The Lusitania (abo The Titanic carried only twenty lifeboats, a reason why so many perished in 1912. The Lusitania (abo
The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices The Nutrient Fact Panel on the food label can help consumers make smart nutrition choices
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library