If the United States threatens to impose a tariff on Colombian coffee if Colombia does not remove agricultural subsidies, the United States will be
a. better off regardless of how Colombia responds.
b. better off if Colombia removes the subsidies, and will be no worse off if it doesn't.
c. worse off if Colombia doesn't remove the subsidies in response to the threat.
d. worse off regardless of how Colombia responds.
c
Economics
You might also like to view...
The authors of your text suggest which policy as a way of reducing urban traffic congestion?
A) A federal standard raising the minimum age for a driver's license to 21 years old B) Requiring motorists to pay a toll or fee based on the costs their driving imposes on others C) Increasing gasoline taxes D) Requiring people to drive in car pools
Economics
In the table above, if there are 80 umbrellas produced, the deadweight loss from the 80th umbrella is
A) $10. B) $20. C) $30. D) $40.
Economics