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Author Question: Production under increasing opportunity costs can result from the two industries using factors of ... (Read 81 times)

stephzh

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on: Jun 30, 2018
Production under increasing opportunity costs can result from the two industries using factors of production in different combinations.
 
  Indicate whether the statement is true or false

Question 2

Briefly describe some of the current policies the United States has in place to limit both fairly and unfairly traded goods.
 
  What will be an ideal response?


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canderson530

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

TRUE

Answer to Question 2

The United States has laws against dumping and foreign export subsidies. In both cases, tariffs are imposed to offset the reduction in price below fair market value. The escape clause allows for temporary protection from fairly traded goods that harm or threaten to harm domestic industry.


stephzh

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Reply #2 on: Jun 30, 2018
Correct answers!


canderson530

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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