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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: If the United States imposes a tariff on foreign chocolate, how are foreign producers of chocolate a
Post by: Loraine on Jun 20, 2015
If the United States imposes a tariff on foreign chocolate, how are foreign producers of chocolate affected?
A) Their supply increases because they have to pay the tariff.
B) They export less to the United States.
C) They earn more profit because their chocolate sells for a higher price.
D) Their supply is unaffected because the quota must be met by U.S. producers.
E) The tariff has no effect on foreign producers because U.S. consumers must pay the higher price.


Title: Re: If the United States imposes a tariff on foreign chocolate, how are foreign producers of chocola
Post by: VincenzoD on Aug 1, 2015
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