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Author Question: Tariffs tend to escalate with stages of processing. Indicate whether the statement is true or ... (Read 95 times)

Tazate

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on: Jun 30, 2018
Tariffs tend to escalate with stages of processing.
 
  Indicate whether the statement is true or false

Question 2

Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If a war reduces the country's capital stock by 40, the new equilibrium is most likely to be
 
  A) point b.
  B) point h.
  C) point f.
  D) point d.
  E) point e.


isabelt_18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE
Explanation: This can be explained by the notion that governments are acting to preserve effective levels of protection for all sectors of the economy.

Answer to Question 2

A


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Tazate

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Reply #2 on: Jun 30, 2018
Thank you :)


isabelt_18

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Reply #3 on: Jun 30, 2018
Happy to help you


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