6. Tariffs as trade policy always involve economic costs to the trading countries; less trade, higher prices, and winners and losers, and so on. For import tariffs, the answer as t which country incurs the specific cost of the tariff fees is indisputable. In 2019 the then- president of the U.S. claimed about 108 times that China was paying for the import tariffs placed on some Chinese goods coming into the U.S. Given how import tariffs work, would Chinese exporters be paying for these tariffs or was it the U.S. importers? Chose yes it was true the Chinese were paying or no it was not true the Chinese were paying. Yes, here's how? (one - two sentences max) No, here's why (one-two sentences max)
6. Tariffs as trade policy always involve economic costs to the trading countries; less trade, higher prices, and winners and losers, and so on. For import tariffs, the answer as t which country incurs the specific cost of the tariff fees is indisputable. In 2019 the then- president of the U.S. claimed about 108 times that China was paying for the import tariffs placed on some Chinese goods coming into the U.S. Given how import tariffs work, would Chinese exporters be paying for these tariffs or was it the U.S. importers? Chose yes it was true the Chinese were paying or no it was not true the Chinese were paying. Yes, here's how? (one - two sentences max) No, here's why (one-two sentences max)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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6. Tariffs as trade policy always involve economic costs to the trading countries; less trade, higher
prices, and winners and losers, and so on. For import tariffs, the answer as t which country incurs
the specific cost of the tariff fees is indisputable. In 2019 the then- president of the U.S. claimed
about 108 times that China was paying for the import tariffs placed on some Chinese goods coming
into the U.S. Given how import tariffs work, would Chinese exporters be paying for these tariffs or
was it the U.S. importers? Chose yes it was true the Chinese were paying or no it was not true the
Chinese were paying.
Yes, here's how? (one- two sentences max)
No, here's why (one-two sentences max)
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