The imposition of a tariff on a product is least likely to result in a(n)
A) increase in efficiency in the domestic industry producing the product.
B) increase in the price of the product.
C) decrease in the quantity of imports.
D) decrease in the real incomes of workers in other industries.
Correct Answer:
Verified
Q246: A key difference between import quotas and
Q247: If a nation agrees to set an
Q248: When a tariff or quota on a
Q249: When tariffs on imported products are removed
Q250: Tariffs and import quotas would benefit the
Q252: An export subsidy for a product will
Q253: If a nation imposes a tariff on
Q254: Assume that a VER (voluntary export restraint)
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