Australia imports cars from Japan. If Australia imposes a tariff on cars imported from Japan,
A) Australian car manufacturers gain revenue equal to the revenue lost by Japanese car manufacturers.
B) Australian consumers lose and Australian producers gain.
C) Australian consumers lose and Japanese producers gain.
D) Australian tariff revenue equals the loss of Australian consumer surplus.
Correct Answer:
Verified
Q4: Which of the statements about the gains
Q5: Q6: Tariffs _ a deadweight loss and import Q7: If Australia imposes a tariff on imported Q8: In developing countries, there is more reliance Q10: Compared to the situation before international trade, Q11: Which of the following reasons explains why Q12: A country opens up to trade and Q13: A tax that is imposed by the Q14: Usually the imposition of trade barriers affecting![]()
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