Import Restrictions Due to the Imposition of Tariffs by the U.S

question 246

Multiple Choice

Import restrictions due to the imposition of tariffs by the U.S. government

• A) will ultimately cause inefficient resource allocation in the United States.
• B) will lead to lower incomes in the economy of U.S. trade partners.
• C) will lead to a decline in the quantity of the product consumed in the United States.
• D) All of the above are likely to occur.

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