Which one of the following is FALSE?
A) A quota imposed on an imported good will increase its price.
B) A tariff imposed on an imported good will increase its price.
C) Tariffs are imposed to protect consumers.
D) Both tariffs and quotas reduce the volume of trade.
Correct Answer:
Verified
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
Q35: The effect of a tariff is to
A)
Q36: The effect of a tariff is to
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)
Q41: Which one of the following is FALSE?
A)
Q42: Which one of the following is TRUE?
A)
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