If Japan imposes a quota on imports of rice, the effect will be
A) less rice and higher price in Japan, lower rice prices in exporting countries.
B) more rice and higher price in Japan, higher rice prices in exporting countries.
C) less rice and lower price in Japan, higher rice prices in exporting countries.
D) more rice and lower price in Japan, lower rice prices in exporting countries.
E) less rice and higher price in Japan, higher rice prices in exporting countries.
Correct Answer:
Verified
Q158: In a situation of free trade,
A)countries with
Q159: Which of the following positions would a
Q160: Figure 34-9 Q161: How does the imposition of a tariff Q162: Trade adjustment assistance in the United States Q164: When can a country gain a price Q165: A tariff affects imports Q166: Generally, if a nation imposes a tariff Q167: A tariff on imports affects foreign suppliers Q168: Figure 34-10
A)by limiting quantity and
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