US Tire Producers Did Not Support the 2009 Tariff on Chinese

question 26

Multiple Choice

U.S. tire producers did not support the 2009 tariff on Chinese tire imports because U.S. producers that also produce tires in China would have experienced a(n) ___________ in their ___________.

• A) increase; consumer surplus
• B) increase; producer surplus
• C) decline; consumer surplus
• D) decline; producer surplus

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Definitions:

Role Of Corporations

The influence and responsibilities of large business entities in society, including economic, social, and environmental impacts.

Federal Government

The national government of a federal state, which shares sovereignty with the constituent states or provinces, responsible for the nation's defense, foreign policy, and interstate commerce.

Nonaggression Pact

A nonaggression pact is an agreement between two or more countries to not engage in military action against each other for a specified period of time.

Soviet Union

A socialist state in Eurasia that existed from 1922 to 1991, characterized by a single-party system led by the Communist Party.