Which of the following situations will arise in the domestic market following the imposition of an import ban?
A) domestic production decreases,prices increase
B) domestic production decreases,prices decrease
C) domestic production increases,prices increase
D) domestic production increases,prices decrease
Correct Answer:
Verified
Q86: Consider a nation that has a comparative
Q87: Which of the following trade policies will
Q89: Suppose that the U.S.has comparative advantage on
Q90: A tax on an imported good is
Q91: An import ban results in
A) a decrease
Q92: Consider the following daily production possibilities of
Q92: Exporting nations often agree to voluntary export
Q94: Import bans,import quotas,voluntary export restraints,and tariffs on
Q96: A voluntary export restraint is a trade
Q99: An import quota is illegal under the
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