Multiple Choice
The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods,effectively acting as a quota of zero imports when stimulus money was being spent.The "Buy American" provision would ________ consumer surplus and ________ producer surplus for industries that produced protected products in the United States.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
Correct Answer:

Verified
Correct Answer:
Verified
Q21: When Tesla,a U.S.company,purchases Italian-made Pirelli tires for
Q22: What does it mean for a country
Q23: Free trade refers to trade between countries<br>A)that
Q24: The ratio at which a country can
Q25: The textbook refers to the following quotation
Q27: A tariff<br>A)makes domestic consumers better off.<br>B)makes both
Q28: Table 7-6<br>Output per hour Production and Production<br>of
Q29: Figure 7-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 7-3
Q30: Table 7-6<br>Output per hour Production and Production<br>of
Q31: Which of the following is the best