Which of the Following Statements Is True with Respect to a Tariff

question 193

Multiple Choice

Which of the following statements is true with respect to a tariff on imported cheese?

• A) It lowers the price of cheese.
• B) It lowers domestic cheese producers' profits.
• C) It creates tax revenues for the government.
• D) It cannot result in retaliation.
• E) It increases the amount of foreign cheese sold.

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