In the World View article on new tariffs on imported steel from China, the tariff is designed to
A. Protect Chinese workers who produce steel.
B. Protect U.S.-based import-competing industries.
C. Protect U.S. steel distributors.
D. Protect U.S. steel consumers.
Answer: B
You might also like to view...
The aggregate production function shows the quantity and quality of resources used in production given the efficiency with which resources are utilized and the prevailing technology
Indicate whether the statement is true or false
In which of the following situations would you prefer to be the borrower?
A) The interest rate is 9 percent and the expected inflation rate is 7 percent. B) The interest rate is 4 percent and the expected inflation rate is 1 percent. C) The interest rate is 13 percent and the expected inflation rate is 15 percent. D) The interest rate is 25 percent and the expected inflation rate is 50 percent.
If the price of corn goes up by $1 a bushel and the quantity supplied rises by 100 bushels, the price elasticity of supply has to be 100.
Answer the following statement true (T) or false (F)
An economic boom in America should increase the
A. demand for U.S. dollars. B. demand for U.S. goods and services. C. demand for foreign currencies. D. supply of foreign currencies.