In Addition to Deadweight Losses, the 2009 Tariff on Chinese

question 69

Multiple Choice

In addition to deadweight losses, the 2009 tariff on Chinese tire imports shifted U.S. tire demand to other higher-cost import sources not subject to the tariff. What was the approximate value of the higher payments to these other higher-cost import sources?

• A) $512 million per year
• B) $817 million per year
• C) $1,112 million per year
• D) $5 billion per year

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