If a good is imported into () country H from country F, then the imposition of a tariff in country H ()
A: raises the price in country H and does not affect its price in country F
B: lowers the price of the good in both countries.
C: lowers the price of the good in H and could raise it in
D: raises the price of the good in H and lowers it in
A: raises the price in country H and does not affect its price in country F
B: lowers the price of the good in both countries.
C: lowers the price of the good in H and could raise it in
D: raises the price of the good in H and lowers it in
举一反三
- If a good is imported into (large) country H from country F, then the imposition of a tariff in country H __________. A: raises the price of the good in both countries (the "Law of One Price"). B: raises the price in country H and cannot affect its price in country F. C: lowers the price of the good in both countries. D: raises the price of the good in H and lowers it in F.
- If a good is imported into (large) country H from country F, then the imposition of a tariff in country H
- What is a true statement concerning the imposition in the U.S. of a tariff on steel?() A: It lowers the price of cheese domestically. B: It raises the price of cheese internationally. C: It raises revenue for the government. D: It will always result in retaliation from abroad. E: None of the above.
- If the U.S. (a large country) imposes a tariff on its imported good, this will tend to() A: have no effect on terms of trade. B: improve the terms of trade of all countries. C: improve the terms of trade of the United States. D: cause a deterioration of S. terms of trade. E: raise the world price of the good imported by the United States.
- Good A and good B are substitutes in production. The demand for good A decreases, which lowers the price of good A. The decrease in the price of good A ( ) A: decreases the supply of good B: increases the supply of good C: decreases the demand for good D: increases the demand for good