Multiple Choice
Which of the following statements concerning tariffs is NOT true?
A) A tariff creates revenue for the government.
B) A tariff decreases international trade.
C) A tariff results in a deadweight loss.
D) A tariff leaves the price of imports unchanged.
Correct Answer:
Verified
Related Questions
Q2: International trade arises from
A) importation duties.
B) absolute
Q3: An Australian tariff imposed on items that
Q4: Which of the statements about the gains
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