The imposition of a tariff on a product is least likely to result in a(n) O increase in the price of the product. O decrease in the real incomes of workers in other industries. O decrease in the domestic production. O decrease in the quantity of imports.

The imposition of a tariff on a product is least likely to result in a(n) O increase in the price of the product. O decrease in the real incomes of workers in other industries. O decrease in the domestic production. O decrease in the quantity of imports.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 7PA

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The imposition of a tariff on a product is least likely to result in a(n)
O increase in the price of the product.
O decrease in the real incomes of workers in other industries.
O decrease in the domestic production.
O decrease in the quantity of imports.

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