The following question are based on the following graphs for men's shirts in South Korea and the United States. The exchange rate is 1,200 won equals $1.00.
-If the United States imposes a prohibitive tariff on men's shirts,the price of a man's shirt in the United States probably is
A) below $30.
B) $30.
C) between $30 and $40.
D) $40.
E) over $40.
Correct Answer:
Verified
Q49: A quota is
A) a tariff on exports.
B)
Q50: For a country that uses them,the general
Q51: A tariff is a(n)
A) limit on exports.
B)
Q52: If all tariffs were prohibitive
A) all domestic
Q53: A secondary reason for a government to
Q55: When foreign trade is permitted,the eventual price
Q56: When a government puts a tax on
Q57: The effect of a tariff on a
Q58: Taxes imposed on imports are called
A) depreciation.
B)
Q59: The following question are based on the
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