Compared to the situation before international trade, after the United States imports a good production in the United States _________and consumption in the United States_________ .
A) increases; increases
B) decreases; increases
C) increases; decreases
D) decreases; decreases
Correct Answer:
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Q33: A tax that is imposed by the
Q34: A tariff is a
A) tax on an
Q35: A major purpose of tariffs is to
A)
Q36: The United States has a comparative advantage
Q37: A tariff
A) is a tax imposed on
Q39: If a tariff is imposed, the price
Q40: Suppose the country of Atlantica imposes a
Q41: Lowering the tariff on good X will
A)
Q42: During the Great Depression in the 1930s,
Q43: Reducing a tariff will _the domestic production
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