Question 6 One reason why consumers are unlikely to be too upset about tariffs i

Question

Question 6

One reason why consumers are unlikely to be too upset about tariffs is because

Select one:

a. the costs are so spread out that no one pays a big share of the total.

b. most consumers benefit from protection.

c. the gains of producers are larger.

d. consumer losses are not real losses.

e. tariffs are an inexpensive way to create jobs.

Question 7

Using the specific factors model, assume that strawberry production requires the specific factor of land, tractor production requires the specific factor of capital, and labor is variable. If the United States is capital abundant compared to Mexico, and Mexico is land abundant compared to the United States, then in the short run with trade we would expect

Select one:

a. the income of Mexican workers to increase.

b. the income of U.S. workers to increase.

c. the income of Mexican land owners to increase

d. the income of U.S. land owners to increase.

e. no change in income of workers or land owners in US and Mexico.

Question 8

Economic sanctions

Select one:

a. usually work to create policy change in the targeted country.

b. are more likely to work if the international community supports them.

c. are more likely to work if military force is not used.

d. never work to create policy change in the targeted country.

e. Both A and C.

Question 9

The race-to-the-bottom concept described in the text refers to

Select one:

a. the situation in which countries with high standards are forced to lower their standards or face the loss of jobs and industry.

b. the situation in which human rights are not respected by trading countries.

c. adopting the standards of a few selected middle-income and high-income countries.

d. the use of low per-capita income as a means of comparing the well-being of individuals.

e. None of the above.

Question 10

When countries try to ban child labor,

Select one:

a. most children start to attend school.

b. child labor often goes underground, with children working in the informal economy, family enterprises and remote areas.

c. family poverty decreases.

d. GDP increases.

Explanation / Answer

Ans

100% right answers. Please please like answer

1 A is right. Your budget doesn't suffer too much

2 c is right because it is used in export commodity. Even labour is used but earnings of only that portion of labour rise which is used in production of strawberry. Other portion suffers

3 B. It requires international coordination

4 A is right answer

5 b is right answer. They work unlawfully in informal sector

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.