After a tariff is imposed, consumers must pay a price equal to the
A) world market price.
B) domestic equilibrium price when there is no trade.
C) world market price plus the tariff.
D) world market price less the tariff.
E) domestic equilibrium price when there is no trade plus the tariff.
C
You might also like to view...
If consumers become less confident and begin to borrow and spend less, what will happen in the dynamic AD/AS model?
A. The short-run aggregate supply curve will shift downward. B. The long-run aggregate supply curve will shift to the left. C. The aggregate demand curve will shift to the left. D. The aggregate demand curve will shift to the right.
The primary deficit is
A) government spending minus interest on the debt. B) government spending minus net tax revenues. C) government spending plus interest on the debt minus net tax revenues. D) government spending plus net tax revenues minus interest on the debt. E) interest on the debt minus net tax revenues.