A tariff imposed on Japanese imports into the United States tends to:
A) penalize U.S. producers and benefit Japanese producers.
B) benefit U.S. producers and penalize Japanese producers.
C) penalize both U.S. and Japanese producers.
D) benefit both U.S. and Japanese producers.
Ans: B) benefit U.S. producers and penalize Japanese producers.
You might also like to view...
Which of the following statements about the distribution of physicians among specialties is true in the United States?
a. There are twice as many specialists as there are generalists. b. The majority of physicians specialize in general/family practice. c. The specialty distribution in the U.S. is similar to that of the rest of the world. d. There are twice as many generalists as there are specialists
Refer to the information provided in Figure 9.2 below to answer the question(s) that follow.
Figure 9.2Refer to Figure 9.2. Suppose demand for wheat is initially D2. If the price of rice (a substitute for wheat) rises, then demand for wheat will shift to ________. This will ________ the equilibrium price of wheat and individual profit-maximizing firms will produce ________ bushels of wheat.
A. D1; decrease; 0 B. D1; increase; 13 C. D3; increase; 15 D. D3; decrease; 10
A medical student's internship at a local hospital is an example of
A. income redistribution. B. a compensating wage differential. C. economic income. D. an investment in human capital.
Mutual funds are attractive because:
A. they usually have inside information because they run most of the companies they invest in. B. they have inside information that is not available to other investors. C. they provide high returns from purchasing the financial securities of a few select companies. D. they provide the investor with greater diversification at a lower cost than what most investors could obtain individually.