Multiple Choice
SCENARIO: ELECTRIC FAN TRADE
u.S.firms can produce and sell electric fans for $25.The United
States can also import electric fans from China at $40 each and
From Canada at $45 each.Electric fans made in the United
States, China, and Canada are identical.Currently, the United
States imposes a 30% tariff on imported electric fans.
Reference: Ref 112
(Scenario: Electric Fan Trade) From which of the following
Countries will the United States import fans?
A) China
B) Canada
C) It will import fans from neither China nor Canada.
D) It will import fans from both China and Canada.
Correct Answer:
Verified
Correct Answer:
Verified
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