Which of the following statements is FALSE?
A) If the United States imposes a tariff on Japanese car imports,the price of cars in the United States is likely to increase.
B) If the United States imposes a quota on Japanese car imports,the price of cars in the United States is likely to increase.
C) If Japan imposes a subsidy on car exports to the United States,the price of cars in the United States is likely to increase.
D) If Japan imposes a "voluntary export restraint" on car exports to the United States,the price of cars in the United States is likely to increase.
Correct Answer:
Verified
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