a country produces two goods, soda, and chips. it currently exports soda and imports chips. if it were to impose a tariff on chips A) both imports of chips and exports of sodas would rise b) imports of chips would rise, but exports of sodas would fall c) imports of chips would fall, but exports of sodas would rise d) both imports of chips and exports of sodas would fall
a country produces two goods, soda, and chips. it currently exports soda and imports chips. if it were to impose a tariff on chips A) both imports of chips and exports of sodas would rise b) imports of chips would rise, but exports of sodas would fall c) imports of chips would fall, but exports of sodas would rise d) both imports of chips and exports of sodas would fall
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Economics
a country produces two goods, soda, and chips. it
currently exports soda and imports chips. if it were
to impose a tariff on chips .
A) both imports of chips and exports of sodas
would rise
b) imports of chips would rise, but exports of
sodas would fall
c) imports of chips would fall, but exports of sodas
would rise
d) both imports of chips and exports of sodas
would fall](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe8e77abd-260e-46ac-8837-c88031cbb055%2F62d643df-f923-4856-8ae1-9c369f3041d6%2Fcxvxiq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
a country produces two goods, soda, and chips. it
currently exports soda and imports chips. if it were
to impose a tariff on chips .
A) both imports of chips and exports of sodas
would rise
b) imports of chips would rise, but exports of
sodas would fall
c) imports of chips would fall, but exports of sodas
would rise
d) both imports of chips and exports of sodas
would fall
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