A new U.S. tariff on imported steel would be likely to:
A. raise the cost of production to steel-using American firms.
B. generate tax revenue to the government.
C. increase U.S. production of steel.
D. all of the above
D. all of the above
raise the cost of production to steel-using American firms, generate tax revenue to the government, and increase U.S. production of steel.
You might also like to view...
According to this Application, workers in the EU were more productive than workers in Latvia in the 1990s, yet despite this, EU nations chose to trade with Latvia. Engaging in trade with Latvia allowed ________ to become more productive
A) workers in Latvia but not workers in the EU B) neither workers in the EU nor in Latvia C) workers in the EU but not workers in Latvia D) workers in both the EU and in Latvia
Citizen voters are typically ignorant of many political issues because
A) information is not a good. B) information is only a free good. C) information is a scarce good. D) politicians have always conspired to keep voters misinformed.
A monopsony market:
A. is a market with a single buyer. B. is a market with a single seller. C. is a market with a single input. D. is a market with a single product.
In the short-run macro model, what type of unemployment is caused by insufficient spending?
a. Cyclical b. Structural c. Frictional d. Seasonal e. All types of unemployment are caused by insufficient spending