Answer to Question #190270 in Macroeconomics for James

Question

QUESTION 11

How much do United States consumers pay for food because of elevated sugar costs?

1. $1 million.
2. $10 million.
3. $100 million.
4. $1 billion.
5. $10 billion.

QUESTION 12

Protectionism for infant industries always imposes costs on:

1. The government alone.
2. Domestic users of the product.
3. Foreign users of the product.
4. Domestic producers of the product.
5. All of the above.

QUESTION 13

Consumers end up paying billions of dollars more for clothing each year:

1. In lesser developed countries.
2. In unregulated countries.
3. Because textile and apparel protectionism adds to the costs of imports.
4. Because textile and apparel protectionism is impossible.
5. Because textile and apparel protectionism decreases the costs of imports.

QUESTION 14

An argument for shutting out certain imported products is that:

1. They are perfectly safe for all users.
2. They are perfectly safe for some users.
3. They are unsafe for consumers.
4. They are unsafe for producers.
5. They are perfectly safe for producers.

Answer 1

11.$1 billion.

12.Domestic users of the product.

13.Because textile and apparel protectionism adds to the costs of imports.

14.They are unsafe for consumers.