Exam (elaborations)
ECN 211 Exam 2 – Marburger questions with correct answers
- Course
- Institution
Tariff Correct Answer-A tax on imported goods Who benefits/loses from free trade? Correct Answer-1. Foreign producers of steel (exports steel to US) 2. Buyers of steel and steel-related products (price falls and quantity increases) Who is worse off because of free trade? 1. Domestic produce...
[Show more]