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The Imposition of a Tariff on U

Question 60

Multiple Choice

The imposition of a tariff on U.S. imports of steel is likely to:


A) decrease the cost of production of steel-using American firms.
B) generate tax revenue for the U.S. government.
C) decrease the production of steel in the U.S.
D) increase U.S. imports of steel.
E) increase consumer surplus for domestic consumers.

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