If a tariff of $10 has no effect on the world price,the optimal tariff on that product
A) is $10.
B) is zero.
C) is higher than $10.
D) depends upon the amount of government revenue collected.
Correct Answer:
Verified
Q1: A tariff can _ raise a country's
Q2: Answer the question(s)below based upon the following
Q4: Most tariffs have
A)only revenue effects.
B)only protective effects.
C)both
Q5: _ gains from trade refer to the
Q6: If Canada imposes a tariff on bananas
Q7: Answer the question(s)below based upon the following
Q8: Specific tariffs are collected as
A)fixed amounts of
Q9: If Brazil imposes a 50% tariff on
Q10: In developed countries,tariffs on raw materials tend
Q11: A prohibitive tariff has
A)only revenue effects.
B)only protective
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