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If a Tariff Is Imposed on a Good in a Country

Question 59

Multiple Choice

If a tariff is imposed on a good in a country that is too small to have global market power in that good,the domestic consumer will face a ________ price,and the price paid to foreign producers will ________.


A) higher; fall
B) higher; not change
C) higher; rise
D) lower; not change
E) lower; rise

Correct Answer:

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