If Protective Import-Restricting Tariffs Are Imposed by a Country, in the Majority

question 23

Multiple Choice

If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's producers end up

• A) receiving a higher price for the good than they otherwise would.
• B) receiving a lower price for the good than they otherwise would.
• C) producing less of the good than they otherwise would.
• D) receiving a lower profit for the domestic good than they otherwise would.