Which of the Following Statements Is True

question 121

Multiple Choice

Which of the following statements is true?

• A) If the United States imposes a tariff on Swiss chocolate imports, the price of chocolate in the Switzerland is likely to increase.
• B) If the United States imposes a quota on Swiss chocolate imports, the price of chocolate in the United States is likely to increase.
• C) If Switzerland imposes a "voluntary export restraint" on chocolate exports to the United States, the price of chocolate in the United States is likely to decrease.
• D) all of the above

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