Multiple Choice
Which of the following correctly identifies the impact of tariffs on the producers of import-competing products in the imposing country?
A) They can price their products higher than the imported goods.
B) They can expand their production and sales.
C) They are forced to go out of business in the long run.
D) They are forced to charge a price equal to the average cost of production.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: A country can actually improve its well-being
Q42: The figure given below shows the market
Q43: A(n)_ is a tax on imports that
Q44: Which of the following is defined as
Q45: Suppose that the world price of automobiles
Q47: If a small country imposes a tariff
Q48: Country A is a large country that
Q49: When a tariff is imposed on an
Q50: At free-trade prices, a bicycle in country
Q51: The nationally optimal tariff is the tariff