Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I missed this question on a test - can you assist? Question 7(Worth 1 points) An economist would state that tariffs and quotas are bad

I missed this question on a test - can you assist?

Question 7(Worth 1 points)

An economist would state that tariffs and quotas are bad for the U.S. economy for all of the following reasonsexcept

the price level will increase.

more American jobs would be lost.

there will be fewer goods and services to buy.

there will be less variety of goods and services.

U.S. resources will not be used in the most efficient manner.

Points earned on this question:0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Early Transcendentals

Authors: James Stewart

7th edition

978-0538497909

Students also viewed these Economics questions

Question

What are the different techniques used in decision making?

Answered: 1 week ago