(Table: Export Supply Elasticities) This table gives the foreign elasticity of supply for several types of U.S. steel imports. For which product is the U.S. optimal tariff the smallest?
A) alloy steel
B) steel bars and rods
C) steel tubes and pipes
D) steel flat-rolled products

Question

(Table: Export Supply Elasticities) This table gives the foreign elasticity of supply for several types of U.S. steel imports.  For which product is the U.S. optimal tariff the smallest?
A) alloy steel 
B) steel bars and rods 
C) steel tubes and pipes 
D) steel flat-rolled products

Quizplus · Accepted Answer

The Answer of (Table: Export Supply Elasticities) This table gives the foreign elasticity of supply for several types of U.S. steel imports.  For which product is the U.S. optimal tariff the smallest?
A) alloy steel 
B) steel bars and rods 
C) steel tubes and pipes 
D) steel flat-rolled products

(Table: Export Supply Elasticities) This Table Gives the Foreign Elasticity