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 92 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
YES! Correct, THANKS for helping me on my review

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

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.

Tiger quoll sleeping at the window of the nocturnal animals exhibit at Sydney Wildlife World Tiger quoll sleeping at the window of the nocturnal animals exhibit at Sydney Wildlife World
World coal reserves in gigatonnes World coal reserves in gigatonnes
Underwater World Underwater World
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
Distribution of the World’s Population Distribution of the World’s Population
Regions of the world where malaria is endemic are shown Regions of the world where malaria is endemic are shown
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library