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The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only

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The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only

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. In the market for steel, the "Buy American" provision would ________ the price of steel in the United States and ________ the quantity of steel demanded in the United States.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

Read 690 times

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Tidy Author

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8 years ago

Good timing, thanks!

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Just got PERFECT on my quiz

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