As a result of U.S.tariffs on fishnets produced in other nations,the quantity of fishnets purchased in the United States has
A) not been affected.
B) increased.
C) decreased but not to zero.
D) fallen to zero.
E) probably changed, but whether it has increased or decreased is ambiguous.

Question

Quizplus · Accepted Answer

The statement suggests that the tariffs have led to a decrease in the quantity of fishnets purchased, but it does not indicate that the decrease has been to zero. Therefore, choice C is the best option. Option A is unlikely since the statement indicates that there has been some impact. Option B is unlikely because tariffs generally lead to a decrease in the quantity demanded of a good. Option D is also unlikely since it is highly improbable that tariffs have completely eliminated the purchase of fishnets in the United States. Option E is unlikely since the statement suggests that the impact can be determined, and it is a decrease in the quantity purchased.

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