The U.S. Rice Millers' Association claims that if the Japanese rice market were opened to imports by lowering ________, lower prices would save Japanese consumers $6 billion annually and the United States would gain a large share of the Japanese rice market.
A) boycotts
B) quotas
C) sanctions
D) tariffs
E) subsidies

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods. Lowering tariffs would reduce the cost of imported rice, potentially saving Japanese consumers money and allowing U.S. rice to be more competitive in the Japanese market.

The US Rice Millers' Association Claims That If the Japanese Rice