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Chako Chako
wrote...
Posts: 2948
8 years ago
What is a TRUE statement concerning the imposition in the U.S. of a tariff on cheese?
A) It raises the price of cheese internationally.
B) it leads to higher domestic demand for cheese.
C) It will always result in retaliation from abroad.
D) It lowers the price of cheese domestically.
E) It raises revenue for the government.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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Answer verified by a subject expert
machukianmachukian
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Posts: 2946
8 years ago
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Chako Author
wrote...
8 years ago
Good answer, thank you
wrote...
7 years ago
Good luck
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