The United States President decides to raise tariffs on all imports of goods and services from China by 30%. One of the motivations provided by the President is that China is not on track to meet the UN Paris Climate Accords to limit carbon emissions. Who is affected by this decision directly or indirectly? Multiple answers may be correct. Consumers in the United States Firms in China The Government in the USA Global (i.e. other than Chinese and American) consumers, firms, and governments The Chinese Government Consumers in China Firms in the USA

The United States President decides to raise tariffs on all imports of goods and services from China by 30%. One of the motivations provided by the President is that China is not on track to meet the UN Paris Climate Accords to limit carbon emissions. Who is affected by this decision directly or indirectly? Multiple answers may be correct. Consumers in the United States Firms in China The Government in the USA Global (i.e. other than Chinese and American) consumers, firms, and governments The Chinese Government Consumers in China Firms in the USA

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The United States President decides to raise tariffs on all imports of goods and services from China by 30%. Several studies and analyses have highlighted the costs and benefits of this policy. Which of the following are more likely to be unbiased studies/analyses, and which ones are more likely to be biased? -An article on the New York Times by a Nobel-prize winning economist who serves in the current Administration A peer-reviewed article published on the Scientific Journal "Econometrica" by a Nobel-prize winning economist who serves in the current Administration A working paper (i.e. not yet published) by an Economist which was funded through a research grant from the National Science Foundation to study trade policy A working paper (i.e. not yet published) by an Economist which was funded through a research grants awarded by the a think- tank that supports the ideology of the opposition party A. More likely to be biased B. More likely to be factual/unbiased C. More likely to be…
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