Multiple Choice
Suppose a tariff is imposed on avocados. This has the effect of _____ the domestic price of avocados, as well as having the effect of _____ the imported price of avocados.
A) increasing; decreasing
B) decreasing; increasing
C) decreasing; decreasing
D) increasing; increasing
Correct Answer:
Verified
Correct Answer:
Verified
Q162: Imports include only goods, not services.
Q163: A country has an absolute advantage in
Q164: Suppose a Chinese clothing manufacturer wants to
Q165: If the United States were to cut
Q166: If the United States begins importing motorcycles
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
Q172: A tariff placed on imported foreign vehicles