Canada imports cars from Japan. If Canada imposes a tariff on cars imported from Japan, Canadian
A) consumers will lose and Japanese producers will gain.
B) tariff revenue will equal the loss of Canadian consumers.
C) consumers will lose and Canadian producers will gain.
D) car manufacturers will gain revenue equal to the revenue lost by Japanese car manufacturers.
E) producers will lose and Japanese consumers will gain.
Correct Answer:
Verified
Q41: A tariff is a tax that is
Q47: The winners from a tariff on imports
Q50: If Canada imposes a tariff on imported
Q51: If Canada imposes a tariff on imported
Q51: Tariffs and import quotas differ in that
A)one
Q53: Who benefits from imports?
A)domestic consumers
B)domestic producers
C)foreign consumers
D)domestic
Q56: Tariffs and import quotas both result in
A)lower
Q57: Which of the following statements concerning tariffs
Q64: A tariff imposed by Canada on Japanese
Q72: If a country imposes a tariff on
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