Question

QUESTION 17 Other things equal if the U S knies a 25% tarwr on imported sted·inthe Inngrun employment 늙he US economy ㆋgrow more rapidly. TRUE O FALSE QUESTION 18 Other things equal. if the u s levies a 25% tariff on imported steel, inthe long ruru s împots of me chandee wiltendtodeaease O TRUE O FALSE QUESTION 19 The Gold Standard was characterized by flexible exchange rates. TRUE FALSE QUESTION 20 The U.S. consumes a larger share of global GDP than it produces TRLIF Click Save and Submit to save and submit. Click Save All Answers to save all ansuvers. 9 e嬲曲@苓 pe here to search

Answer 1

Answer to question 17)True

Reason ) as trariff on imports increases imports become costlier as it is added to price as imports become costlier domestic production increases ultimately increasing employment

Answer to question 18)True

Reason)same as above as domestic production increases imports decreases

Answer to question 19)False

Reason) it is fixed for example 500gram per dollar and not depends on demand and supply