This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the United States eliminates its tariff on ball bearings used in producing exports. Ball ... (Read 172 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
Suppose the United States eliminates its tariff on ball bearings used in producing exports. Ball bearing prices in the United States would be expected to
 
  A) increase, and the foreign demand for U.S. exports would increase.
  B) decrease, and the foreign demand for U.S. exports would increase.
  C) increase, and the foreign demand for U.S. exports would decrease.
  D) decrease, and the foreign demand for U.S. exports would decrease.
  E) decrease, and the foreign demand would be unchanged.

Question 2

Japan's trade policies with regard to rice reflect the fact that
 
  A) japanese rice farmers have significant political power.
  B) Japan has a comparative advantage in rice production and therefore exports most of its rice crop.
  C) there would be no gains from trade available to Japan if it engaged in free trade in rice.
  D) there are gains from trade that Japan captures by engaging in free trade in rice.
  E) Japan imports most of the rice consumed in the country.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ambernicolefink

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


P68T

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Saline Groundwater in the United States Saline Groundwater in the United States
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
One of the cultural privileges of being white in the United States is less suspicion of wrongdoing. One of the cultural privileges of being white in the United States is less suspicion of wrongdoing.
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Producing cDNA from mRNA Producing cDNA from mRNA
Video: Inflammatory response Animation

For a complete list of videos, visit our video library