Question

The fact that the United States exports Budweiser beer and imports Heineken beer can be explained by...

Answer 1

The fact that the United States exports Budweiser beer and imports Heineken beer can be explained by:
Question 3 options:

1) the differences in labor productivity in the U.S. and other countries.

2) the differences in factor endowments in the U.S. and its trading partners.

3) the world price of Budweiser beer is lower than Heineken beer.

4) the fact that production of Budweiser beer in the U.S. is inadequate compared to its demand.

5) the preference for foreign brands of beer by a part of the U.S. population.

Answer 2

Either 2 or 5...

Answer 3

I wanna say 2.

Answer 4

Okay.. My last one--

If the world price of steel is greater than the U.S. "no-trade" domestic equilibrium price of steel, the United States:
Question 9 options:

1) will not produce steel.

2) will demand steel from the rest of the world.

3) will supply steel to the rest of the world.

4) will not trade steel.

5) will have a shortage of steel in the domestic market.

Answer 5

@Mr.Z

Answer 6

This one I have no clue

Answer 7

@Jack_Prism @Keigh2015

Answer 8

i have no clue i am sorry

Answer 9

Its okay... Which would you guess?

Answer 10

I got both wrong :(

The first one was 5 and the second one was 3.. I got a B