If the United States Imposes a Tariff on the Import

question 152

Multiple Choice

If the United States imposes a tariff on the import of Japanese cars instead of a quota, the price

• A)increase in Japanese cars goes into the revenue of U.S.automakers.
• B)increase in Japanese cars goes into the revenue of Japanese automakers.
• C)increase in Japanese cars goes into the revenue of the U.S.government.
• D)decrease in Japanese cars comes out of the revenue of U.S.automakers.
• E)decrease in Japanese cars comes out of the revenue of the U.S.government.

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Definitions:

Standard Error

Standard error is a statistical term that measures the accuracy with which a sample distribution represents a population by using standard deviation.

Estimate

An approximation or educated guess based on available data or evidence.

Mean

The average of a set of values, calculated by dividing the sum of these values by their count.

Segmentation Variable

A characteristic used to divide a population or market into subsets, based on shared attributes, for targeted analysis or marketing.