Multiple Choice
If the United States imposes a tariff on foreign chocolate,how are U.S.producers of chocolate affected?
A) The quantity of chocolate they sell decreases because U.S. consumption of chocolate decreases.
B) The quantity of chocolate they produce increases.
C) The price at which they sell their chocolate falls.
D) They are harmed because foreign exporters of chocolate increase their supply in response to the higher price.
E) They are unaffected because the quota applies to foreign producers, not to U.S. producers.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Relative to free trade,domestic producers of a
Q3: The United States exports a good if
Q4: Who gains from exports? How do they
Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q6: If an import quota is imposed on
Q8: The argument that it is necessary to
Q9: The country with a comparative advantage in
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q12: Why are the losers from free international