Multiple Choice
A tariff is a tax placed on
A) an exported good and it lowers the domestic price of the good below the world price.
B) an exported good and it ensures that the domestic price of the good stays the same as the world price.
C) an imported good and it lowers the domestic price of the good below the world price.
D) an imported good and it raises the domestic price of the good above the world price.
Correct Answer:
Verified
Correct Answer:
Verified
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