POS 486 FINAL EXAM (POS 486 FINAL EXAM)

POS 486 - FINAL EXAM. QUESTIONS WITH ANSWERS. COMPLETE SOLUTIONS (A+ GRADE). Question 1 Free trade alters supply and demand by Selected Answer: 4. providing gains in the form of increased revenue to domestic producers Correct Answer: 2. lowering the price, thereby increasing the quantity demanded Response Feedback: See Chapter 3, "The Economic Case for Free Trade" and Lecture 3  Question 2 In a liberalized country with an abundance of labor and land but little capital, we ...

POS 486 FINAL EXAM • Question 1 Free trade alters supply and demand by Selected Answer: 4. providing gains in the form of increased revenue to domestic producers Correct Answer: 2. lowering the price, thereby increasing the quantity demanded Response Feedback: See Chapter 3, "The Economic Case for Free Trade" and Lecture 3 • Question 2 In a liberalized country with an abundance of labor and land but little capital, we would expect Selected Answer: 2...