Under Trade Agreements Signed with Other Countries,the United States Is

Multiple Choice

Under trade agreements signed with other countries,the United States is allowed to impose tariffs on imports if foreign firms are selling products in the United States at below their production cost.This is exactly what occurred when the United States raised the tariff on wire hangers imported from China.At the time the tariff was imposed,it was estimated that the tariff would save about ________ jobs in U.S factories making wire hangers at an annual cost per job saved of about ________.

A) 4,000; $31,000
B) 17,000; $150,000
C) 300; $400,000
D) 221,000; $14,000