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(Figure: Foreign Trade with a Tariff) Refer to the Figure

Question 8

Multiple Choice

(Figure: Foreign Trade with a Tariff) Refer to the figure. A $1tariff results in: A) an increase in imports of 80 million units. B) a decrease in imports of 80 million units.(True Answer ) Correct C) an increase in imports of 100 million units. D) a decrease in imports of 100 million units. (Figure: Foreign Trade with a Tariff) Refer to the figure. A $1tariff results in:


A) an increase in imports of 80 million units.
B) a decrease in imports of 80 million units.(True Answer ) Correct
C) an increase in imports of 100 million units.
D) a decrease in imports of 100 million units.

Correct Answer:

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