If the United States imposes a tariff on the import of Japanese cars instead of a quota, the price
A) increase in Japanese cars goes into the revenue of U.S.automakers.
B) increase in Japanese cars goes into the revenue of Japanese automakers.
C) increase in Japanese cars goes into the revenue of the U.S.government.
D) decrease in Japanese cars comes out of the revenue of U.S.automakers.
E) decrease in Japanese cars comes out of the revenue of the U.S.government.
Correct Answer:
Verified
Q166: Generally, if a nation imposes a tariff
Q167: A tariff on imports affects foreign suppliers
Q168: Figure 34-10 Q169: Assume that a country imposes a tariff Q170: A tariff is better than a quota Q172: Ideally, a free trade policy should be Q173: A restriction of imports that is accomplished Q174: A country that must inhibit imports should Q175: The effect of an import quota is Q176: A nation can gain from imposing a
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents