Which of the Following Is an Expected Effect of a Tariff

question 30

Multiple Choice

Which of the following is an expected effect of a tariff or a nontariff barrier (NTB) on a product?

• A)A decrease in the domestic production of the product
• B)An increase in the employment of labor and other resources used in the import-competing industry in the tariff imposing country
• C)An increase in domestic consumption of the imported product
• D)A decrease in government revenue

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