Author Question: If it can be shown that a tariff on steel imports will increase employment in the steel industry, we ... (Read 72 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
If it can be shown that a tariff on steel imports will increase employment in the steel industry, we can be sure that the effect of the tariff on U.S. employment will also be positive.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A country has a comparative advantage when the opportunity cost of producing a good in terms of:
 a. the monetary value of other forgone goods is lower than that of other nations.
  b. the monetary value of other forgone goods is greater than that of other nations.
  c. forgone output of other goods is higher than that of other nations.
  d. forgone output of other goods is lower than that of other nations.
  e. forgone output of other goods is equal to that of other nations.



ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

False

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library