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Coltonht Coltonht
wrote...
Posts: 430
5 years ago

Question 1.

In general, who will benefit as the result of a tariff?
I.Domestic producers
II.Domestic consumers
III.The domestic government


• both I and III

• II only

• I only

• both II and III

• All of the above are correct.

Question 2.

A government-imposed restriction on the quantity of a specific good that another country is allowed to sell in the U.S. is

• a regional trade bloc.

• a voluntary import expansion.

• an import quota.

• a voluntary restraint agreement.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 45 times
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Answer verified by a subject expert
binvabinva
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Posts: 368
5 years ago
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Coltonht Author
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5 years ago
You make an excellent tutor!
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