Multiple Choice
If the United States imposes a tariff on the import of Japanese cars instead of a quota, the price
A) increase in Japanese cars goes into the revenue of U.S.automakers.
B) increase in Japanese cars goes into the revenue of Japanese automakers.
C) increase in Japanese cars goes into the revenue of the U.S.government.
D) decrease in Japanese cars comes out of the revenue of U.S.automakers.
E) decrease in Japanese cars comes out of the revenue of the U.S.government.
Correct Answer:

Verified
Correct Answer:
Verified
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