Solved

Scenario: Montesia Is Predominantly a Producer and Exporter of Manufactured

Question 153

Multiple Choice

Scenario: Montesia is predominantly a producer and exporter of manufactured goods. However, it imports several agricultural products.
-Refer to the scenario above.Recently,the government of Montesia imposed a tariff on the import of some cash crops.Which of the following is likely to happen in this case?


A) The government's revenue will increase.
B) The import of cash crops will increase.
C) The domestic producers of cash crops will be worse off.
D) The domestic consumers of cash crops will be better off.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions