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

Author Question: If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, ... (Read 105 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, the United States:
 a. will not produce steel.
  b. will demand steel from the rest of the world.
  c. will supply steel to the rest of the world.
  d. will not trade steel.
  e. will have a shortage of steel in the domestic market.

Question 2

Which of the following may involve external benefits?
 a. drunken driving.
 b. smoking.
 c. public education.
 d. highway congestion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


maegan_martin

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Wow, this really help

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Total fertility rates (TFRs) among major regions of the world. Total fertility rates (TFRs) among major regions of the world.
he Three Domains of the Living World he Three Domains of the Living World
Greater sage grouse Greater sage grouse
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
The Importance in the World Fossil Fuel Economy The Importance in the World Fossil Fuel Economy
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library