ction 1865 : HW Ch. 20 6 of 30 (29 complete) HW Sca r Exercise 4.11 Features of

Question

ction 1865 : HW Ch. 20 6 of 30 (29 complete) HW Sca r Exercise 4.11 Features of the Buy American Provision and ARRA False? All else equal, the restriction on imported steel would raise the price of domestic steel. Countries subjected to the Buy American provision will increase imports of U.S. manufactured goods Restricting the purchase of foreign steel could discourage U.S steel production, which reduces jobs With such provisions, government may be able to affect the overall level of spending in the economy By restricting the number of manufacturers, govenment could create a deadweight loss. answer(s) and then click Check Answer

Explanation / Answer

True( Tariff or import quota will increase price to consumer)

True( Countries subjected to buy American provsion will increase imports of US manifacturing goods.

False( this will encourage US firms increasing jobs)

True

True( less will be produced creating dead weight loss)

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