In the wake of worsening relations with China, some Americans called for an increase in tariffs on Chinese products coming into America. If higher tariffs are imposed on clothing produced in China, the price of clothing in America would
A) increase.
B) decrease.
C) first increase then decrease.
D) first decrease then increase.
E) not change.
Correct Answer:
Verified
Q41: A country exports a good if
A)it has
Q42: The two main reasons why international trade
Q43: When the United States imports goods from
Q44: Of the following, who gains with a
Q45: A tariff is
A)price dumping by a firm
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