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Question
An example of a tariff is
a. Japanese automobile manufacturers agreeing to limit exports to the United States.
b. a decision by the United States to limit South Korean television imports to 100,000 per year.
c. France charging an additional 10 percent tax on imports of Vietnamese clothing.
d. a decision by Saudi Arabia to reduce oil exports to India by 100,000 barrels.
e. Chinese toy manufacturers agreeing to reduce exports to the United States.
Answer
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Related questions
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Price gouging laws will usually result in ________ the product in the distressed market.
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The economic entity most likely to engage in price gouging is
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What will an individual do differently as a buyer in the black market in the long run?
a. He or she will substitute away from the product.
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What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
c. A shortage will continue to exist and will grow larger over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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Q:
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A(n) ________ in the elasticity of supply or demand in a market for a good that is taxed would tend to ________ who is legally responsible for paying the tax.a. decrease; broaden b. decrease; have no effect on c. increase; broadend. increase; narrowe. increase; have no effect on
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Q:
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