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Author Question: If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, ... (Read 93 times)

maegan_martin

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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.


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mirabriestensky

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

c

Answer to Question 2

c


maegan_martin

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

AmberC1996

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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