The United States imports cars from Japan. If the United States imposes a tariff on cars imported from Japan
A) U.S. consumers lose and Japanese producers gain.
B) U.S. tariff revenue equals the loss of U.S. consumer surplus.
C) U.S. consumers lose and U.S. producers gain.
D) U.S. car manufacturers gain revenue equal to the revenue lost by Japanese car manufacturers.
C
Economics
You might also like to view...
If the demand for one good decreases when the price of another good increases, the two goods are ________ goods
A) normal B) inferior C) complementary D) substitute
Economics
The demand curve for investment in the economy as a function of interest rates is:
a. vertical. b. horizontal. c. upward sloping. d. downward sloping. e. elliptical.
Economics