Solved

An Increase in the Tariff on Foreign-Produced Automobiles Would Most

Question 39

Multiple Choice

An increase in the tariff on foreign-produced automobiles would most likely help


A) the domestic producers of automobiles.
B) steel producers that sell most of their output to foreign producers of automobiles.
C) workers in the foreign automobile industry.
D) consumers looking for alternatives to domestic automobiles.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q34: Figure 17-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 17-10

Q35: Fixing exchange rates and limiting the convertibility

Q36: The law of comparative advantage explains why

Q37: The primary benefits derived from tariffs usually

Q38: A nation can gain from international trade

Q40: According to international trade theory, a country

Q41: Use the table below to answer the

Q42: The primary source of purchasing power used

Q43: If domestic producers have a comparative advantage

Q44: If labor-intensive textile products could be produced