If protective import-restricting tariff are imposed by a country, in the majority of cases that nation's consumers end up
A) paying a lower price and consuming more of the good than they otherwise would.
B) paying a lower price and consuming less of the good than they otherwise would.
C) paying a higher price and consuming less of the good than they otherwise would.
D) paying a higher price and consuming more of the good than they otherwise would.
Answer: C
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A major reason for creating the European Monetary System was to
A) create a single currency. B) unify banking laws and permit cross-border investment. C) avoid competitive devaluations. D) reduce the costs of changing currencies. E) eliminate the need for central banks.
The discount rate is the interest rate that: a. banks charge on large loans
b. banks charge on loans to other banks. c. the Fed charges on loans to branches of the U.S. government. d. the Fed charges on loans to depository institutions. e. the Fed charges on loans to the public.