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A Tariff Placed on Imported Foreign Vehicles Will Have What

Question 172

Multiple Choice

A tariff placed on imported foreign vehicles will have what effect?


A) It will cause foreign car producers to produce more.
B) It will entice domestic consumers to buy more foreign vehicles due to lower costs.
C) It will cause foreign producers to generate higher revenues on the imported vehicles.
D) It will entice domestic consumers to buy more domestic vehicles due to the higher price of foreign vehicles.

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