Solved

A Small Italian Grocery Store in a Large City Sells

Question 175

True/False

A small Italian grocery store in a large city sells five different kinds of feta cheese: Bulgarian,French,Danish,Greek,and a domestic cheese from Oregon.The domestic cheese sells for less than $2.00 per pound,while all the international cheeses are priced at over $4.00 per pound.Clearly,there is an embargo on international food products.
The domestic cheese is priced less than the other cheeses because importers paid a protective tariff on the international cheeses,and the cost is passed on to the consumer.If there were a government embargo against the international cheese,the grocery store would be unable to legally sell any of the imported products.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents