A tariff on imported peanuts _______ the quantity of peanuts imported and _______ the domestic price of peanuts.
A) decreases; decreases
B) decreases; increases
C) does not change; increases
D) increases; lowers
Correct Answer:
Verified
Q83: Which of the following statements is true?
A)
Q140: The argument that protection
A) penalises poor environmental
Q141: Q142: An import quota specifies the Q143: A country opens up to trade and Q144: When a rich nation buys a product Q145: Suppose that the country of Pacifica imposes Q146: Suppose sugar is exported from a nation. Q147: Which of the following is correct? Q148: Quotas and tariffs both
A) minimum amount
A) Both
A) cause a loss
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