A Tariff Placed on Imported Foreign Vehicles Will Have What

question 172

Multiple Choice

A tariff placed on imported foreign vehicles will have what effect?

• A) It will cause foreign car producers to produce more.
• B) It will entice domestic consumers to buy more foreign vehicles due to lower costs.
• C) It will cause foreign producers to generate higher revenues on the imported vehicles.
• D) It will entice domestic consumers to buy more domestic vehicles due to the higher price of foreign vehicles.

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Definitions:

Public Corporation

A corporation whose stock anyone may buy, sell, or trade.