Every country imposes tariffs on at least some imports
a. True
b. False
Indicate whether the statement is true or false
True
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What will be an ideal response?
A clear conclusion from offshoring debates and analyses is that:
a. If offshoring isn't stopped, some nations are likely to go bankrupt. b. Offshoring should be evaluated on a net basis, which means by the difference between the effects of onshoring and offshoring. c. Tariffs and quotas are an ideal means of protecting nations from offshoring's ill effects. d. offshoring always decreases GDP in the nation from which it takes place. e. All of the above are clear conclusions from these debates and analyses.
Nursing home care is covered by
A. Medicaid, regardless of income or wealth. B. Medicaid, but only for the poor. C. Medicare, Part A. D. Medicare, Part B.
Answer the following statements true (T) or false (F)
1. Production subsidies are a way of internalizing external costs among polluting firms. 2. In dealing with market failures, the government always bases its decisions on economic analysis of marginal cost and marginal benefit. 3. An effective antipollution policy from the economic perspective requires that all pollution be eliminated and banned. 4. Because in any period of time and in any region the quantity of pollutants that can be absorbed by nature is fixed, the supply of "pollution rights" in a cap-and-trade system will be perfectly elastic.