The effect of a tariff is to
A) increase the quantity of a good imported.
B) allow consumers maximum choice in the marketplace.
C) increase the price consumers pay for an imported good.
D) decrease the price consumers pay for an imported good.
Correct Answer:
Verified
Q30: Dumping is
A) selling low-quality goods abroad.
B) exporting
Q31: Tariffs serve to
A) encourage exports.
B) encourage imports.
C)
Q32: Quotas serve to
A) encourage trade.
B) encourage imports.
C)
Q33: Some argue that American workers cannot compete
Q34: Suppose an industry receives protection from the
Q36: The effect of a tariff is to
A)
Q37: Which one of the following is FALSE?
A)
Q38: Which one of the following is FALSE?
A)
Q39: Which one of the following is FALSE?
A)
Q40: Which one of the following is FALSE?
A)
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