Suppose the country of Mooland imposes a tariff on imported beef from the country of Aqualand. As a result of the tariff, the
A) quantity of beef imported by Mooland decreases.
B) price of beef in Mooland falls.
C) quantity of beef imported by Mooland increases.
D) quantity of beef exported by Mooland increases.

Question

Quizplus · Accepted Answer

When a tariff is imposed on imported beef, it makes the imported beef more expensive in the importing country (Mooland). This typically leads to a decrease in the quantity of beef imported because consumers and businesses are less willing or able to buy foreign beef at the higher price.

Suppose the Country of Mooland Imposes a Tariff on Imported