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What Is the Effect of a Tariff on the Market

Question 115

Multiple Choice
What is the effect of a tariff on the market price A)lowers the price of the exported good below the world price B)keeps the price of the exported good the same as the world price C)raises the price of the imported good above the world price D)lowers the price of the imported good below the world price

What is the effect of a tariff on the market price


A) lowers the price of the exported good below the world price
B) keeps the price of the exported good the same as the world price
C) raises the price of the imported good above the world price
D) lowers the price of the imported good below the world price

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