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vellojo vellojo
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7 years ago
The United States imports cars from Japan. If the United States imposes a tariff on cars imported from Japan, American
A) consumers will lose and American producers will gain.
B) consumers will lose and Japanese producers will gain.
C) car manufacturers will gain revenue equal to the revenue lost by Japanese car manufacturers.
D) tariff revenue will equal the loss inflicted on American consumers.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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amishamish
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7 years ago
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vellojo Author
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#2
7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
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