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vellojo vellojo
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8 years ago
In 2006, the European Union (EU) threatened to ban imports of long-grain rice because traces of genetically modified rice were found mixed in to commercial supplies.  Instead of a complete ban, suppose the EU placed a tariff on the import of long-grain rice.  Which of the following would be an outcome of this tariff?
A) The price of long-grain rice in the EU would be lower with a tariff than if rice imports were completely banned, but higher than with free trade
B) The price of long-grain rice in the EU would be higher with a tariff than if rice imports were completely banned, but lower than with free trade
C) The price of long-grain rice in the EU would be lower with a tariff than if rice imports were completely banned, but lower than with free trade
D) The price of long-grain rice in the EU would be higher with a tariff than if rice imports were completely banned
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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8 years ago
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vellojo Author
wrote...
#2
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
wrote...
#3
7 years ago
Happy to help Slight Smile
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
wrote...
#4
3 years ago
thank you
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