If the U.S.imposes a tariff on autos to prevent the Korean imports from freely entering the U.S.market,which of the following is most likely to occur?
A) The price of autos to U.S.consumers would rise,and the demand for U.S.wheat exports would increase.
B) The price of autos to U.S.consumers would fall,and the demand for U.S.wheat exports would decrease.
C) The price of autos to U.S.consumers would fall,and the demand for U.S.wheat exports would increase.
D) The price of autos to U.S.consumers would rise,and the demand for U.S.exports would decrease.
E) The price of autos to U.S.consumers would rise,and the demand for U.S.wheat exports would decreasE.
Correct Answer:
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