Ecn 211 exam 2 marburger Study guides, Class notes & Summaries

ECN 211 Exam 2 – Marburger questions with correct answers

ECN 211 Exam 2 - Marburger Questions and Answers (2023 / 2024) (Verified Answers)

ECN 211 Exam 2 – Marburger questions with correct answers 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 producer of steel (sells lower quantity and at a lower price) Who benefits from tariffs? (US steel producers example) Correct Answer-1. Domestic...

ECN 211 Exam 2 – Marburger Questions with Correct Answers 100% Verified 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 producer of steel (sells lower quantity and at a lower price) Who benefits from tariffs? (US steel producers example) - Correc...

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 producer of steel (sells lower quantity and at a lower price) Who benefits from tariffs? (US steel producers example) Correct Answer-1. Domestic producers of steel (sells more at a higher price) Who is ...