Multiple Choice
As a result of a tariff on imports, consumers in the importing country
A) purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of fewer total goods than without the tariff
B) purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff
C) purchase more domestically produced goods and more foreign goods, resulting in the consumption of fewer total goods than without the tariff
D) purchase fewer domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff
E) cease importing any goods at all
Correct Answer:
Verified
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