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Question
When a tariff is imposed, the supply curve for the imported good
A) shifts downward and to the right.
B) shifts upward and to the left.
C) does not change.
D) becomes perfectly inelastic.
Answer
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Related questions
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The United States is considered by the Institute for Management Development to be the most competitive economy becauseA) U.S. residents are willing to work harder than anyone else is. B) of widespread entrepreneurship.C) of a high saving rate.D) of selected restrictions on imports from Japan and Europe.