Author Question: When the U.S. placed tariffs on French wine, France placed high tariffs on U.S. chickens. This is an ... (Read 68 times)

cnetterville · **on:** Jun 30, 2018

When the U.S. placed tariffs on French wine, France placed high tariffs on U.S. chickens. This is an example of

A) deadweight losses.
B) multilateral negotiations.
C) bilateral trade negotiations.
D) international market failures.
E) a trade war.

Question 2

The Leontief Paradox

A) failed to support the validity of the Heckscher-Ohlin model.
B) supported the validity of the Ricardian theory of comparative advantage.
C) supported the validity of the Heckscher-Ohlin model.
D) failed to support the validity of the Ricardian theory.
E) proved that the U.S. economy is different from all others.