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Author Question: The replacement of foreign manufactured goods by domestically manufactured goods is called _____. ... (Read 84 times)

waynest

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on: Jun 30, 2018
The replacement of foreign manufactured goods by domestically manufactured goods is called _____.
 a. import swap
  b. export substitution
  c. primary production
  d. import substitution
  e. trade protectionism

Question 2

A tax in an industry would result in:
 a. a decrease in consumer surplus.
 b. a decrease in producer surplus
 c. a decrease in the gains from trade.
  d. all of the above.


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xiaomengxian

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

d

Answer to Question 2

d


waynest

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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