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.
Correct Answer:

Verified
Correct Answer:
Verified
Q167: Suppose a tariff is imposed on avocados.
Q168: Alexander Hamilton argued in the late 1700s
Q169: Dumping can be an indicator of government
Q170: The average price of exports divided by
Q171: Increased trade<br>A) deprives poor countries of the
Q173: The United States may impose antidumping tariffs
Q174: When the world market price of a
Q175: Assume that in the United States, the
Q176: The effects of a quota are similar
Q177: Which item is NOT considered an example