If the United States imposes a tariff on a good, then
A) domestic consumption of the good decreases.
B) foreign production of the good increases.
C) the government makes less revenue than it would have gained if it imposed a quota.
D) foreign consumption of the good decreases.
E) domestic production of the good decreases.
A
Economics
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________ choose the quantities of factors of production to hire and ________ choose the quantities of goods and services to produce
A) Markets; markets B) Firms; households C) Factor markets; goods markets D) Entrepreneurs; firms E) Firms; firms
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