Suppose the United States eliminates its tariff on ball bearings used in producing exports.Ball bearing prices in the United States would be expected to
A) decrease,and the foreign demand for U.S.exports would increase.
B) increase,and the foreign demand for U.S.exports would increase.
C) decrease,and the foreign demand for U.S.exports would decrease.
D) increase,and the foreign demand for U.S.exports would decrease.
E) decrease,and the foreign demand would be unchanged.
Correct Answer:
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Q11: What is a TRUE statement concerning the
Q12: Specific tariffs are
A)import taxes calculated as a
Q13: A lower tariff on imported steel would
Q14: In an inflationary environment,then over time
A)an import
Q15: A tax of 20 cents per unit
Q17: Tariffs are NOT defended on the grounds
Q18: The effective rate of protection measures
A)the difference
Q19: As globalization tends to increase the proportion
Q20: The tariff levied in a "large country"
Q21: An export subsidy differs from a tariff
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