As a Result of a Tariff on Imports, Consumers in the Importing

question 140

Multiple Choice

As a result of a tariff on imports, consumers in the importing country

• A)purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of fewer total goods than without the tariff
• B)purchase more domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff
• C)purchase more domestically produced goods and more foreign goods, resulting in the consumption of fewer total goods than without the tariff
• D)purchase fewer domestically produced goods and fewer foreign goods, resulting in the consumption of more total goods than without the tariff
• E)cease importing any goods at all