This topic contains a solution. Click here to go to the answer

Author Question: Suppose the United States eliminates its tariff on ball bearings used in producing exports. Ball ... (Read 205 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
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
Answer to Question 1

C

Answer to Question 2

A




P68T

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

For a complete list of videos, visit our video library