When can a country gain a price advantage on imports by imposing a tariff?
A) When it is the largest country with absolute advantage in all goods
B) When it has a comparative advantage in the production of all goods
C) When it can do so without other countries retaliating with tariffs
D) When trade agreements prohibit quotas but permit tariffs
Correct Answer:
Verified
Q159: Which of the following positions would a
Q160: Figure 34-9 Q161: How does the imposition of a tariff Q162: Trade adjustment assistance in the United States Q163: If Japan imposes a quota on imports Q165: A tariff affects imports 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
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A)by limiting quantity and
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