The World View article "U.S. Slaps China with Huge Anti-Dumping Tariffs" says new tariffs will be imposed on steel from China, and
A. Chinese consumers will benefit.
B. U.S. steel producers will benefit from the tariff.
C. U.S. steel distributors will gain from the tariff.
D. Consumers will benefit from this U.S. trade policy.
Answer: B
You might also like to view...
When the economy produces less than its potential output, it is:
A. called a recession. B. not in long-run equilibrium. C. producing a quantity less than the long-run aggregate supply quantity. D. All of these are true.
This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade. They both will enjoy a higher grade when more effort is put into the project, but they also get pleasure from goofing off and not working on the project. The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.According to the figure shown, Sarah:
A. should put forth low effort, regardless of what Joe chooses to do. B. should take the first-mover advantage and put forth low effort. C. should put forth high effort, regardless of what Joe choose to do. D. does not have a dominant strategy.
Which of the following can reduce the level of economic growth?
A. Crowding out. B. Technological improvements. C. Higher ratios of capital to labor. D. Crowding in.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90