Suppose the United States decides to impose a $1,000 tax on every Japanese minivan sold in the United States. This is an example of:
A) a tariff.
B) free trade.
C) comparative advantage.
D) a quota.
Correct Answer:
Verified
Q49: Since World War II, tariff reductions have
Q50: The rules of the WTO:
A) apply only
Q51: Exhibit 15-4 Coffee and tea output (pounds
Q53: One big difference between tariffs and quotas
Q54: Exhibit 15-4 Coffee and tea output (pounds
Q55: When a nation totally bans trade with
Q56: Exhibit 15-4 Coffee and tea output (pounds
Q57: A tax levied on imported goods is
Q114: Which of the following would be expected
Q119: The primary benefits derived from tariffs usually
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents