Multiple Choice
If the United States imposes a tariff on a good, then
A) the government makes less revenue than it would have gained if it imposed a quota.
B) domestic production of the good decreases.
C) foreign production of the good increases.
D) foreign consumption of the good decreases.
E) domestic consumption of the good decreases.
Correct Answer:
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Related Questions
Q48: Q49: What is the best hope for reducing Q50: A tariff is a tax Q51: A tariff is![]()
A)on an exported
A)a tax imposed on imports.
B)a