Import Restrictions Due to the Imposition of Tariffs by the U.S

Multiple Choice

Import restrictions due to the imposition of tariffs by the U.S. government

A) will ultimately cause inefficient resource allocation in the United States.
B) will lead to lower incomes in the economy of U.S. trade partners.
C) will lead to a decline in the quantity of the product consumed in the United States.
D) All of the above are likely to occur.