If Japan imposes a tariff on shoes from Argentina,then
A)the price of Argentinean shoes sold in Japan will fall
B)the quantity of Argentinean shoes sold in Japan will rise
C)Japanese shoe producers will benefit
D)Japanese consumers will benefit from lower prices for Japanese shoes
E)Japanese consumers will benefit from lower prices for Argentinean shoes

Question

Quizplus · Accepted Answer

Japanese shoe producers will benefit as they will face less competition from Argentinean shoes and may be able to sell their own products at a higher price. None of the other choices are likely outcomes of this scenario.

If Japan Imposes a Tariff on Shoes from Argentina,then