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:

Sustainable Strategy

A business approach that considers environmental, social, and financial impacts for long-term viability.

Quick Wealth

The rapid accumulation of significant financial resources or wealth, often viewed with skepticism due to potential unsustainability.

Complacent Employees

Workers who display a lack of willingness to learn, improve, or change, often satisfied with current conditions and not seeking progress.

Business Leader

An individual who influences and guides others within a business or industry to reach organizational goals.