Were the Results of the U

question 134

Multiple Choice

Were the results of the U.S. tariff increase on imported small Japanese truck imports consistent with the predictions of the model of a tariff applied to a good exported by a foreign monopoly?

• A) No; the imports of trucks declined from 1980 to 2000.
• B) Yes; the rise in market price was less than the tariff imposed, implying that Japanese producers lowered their prices to maintain market share.
• C) Yes; but trucks and SUVs became indistinguishable, and a number of conclusions can be drawn.
• D) No clear conclusions can be drawn.

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