Which of the following statements is false? Question 7Answer a. If the United States imposes a tariff on Japanese car imports, the price of cars in the United States is likely to increase. b. If Japan imposes a quota on car exports to the United States, the price of cars in the United States is likely to increase. c. If the United States imposes a quota on Japanese car imports, the price of cars in the United States is likely to increase. d. If Japan imposes a subsidy on car exports to the United States, the price of cars in the United States is likely to increase.
Which of the following statements is false? Question 7Answer a. If the United States imposes a tariff on Japanese car imports, the price of cars in the United States is likely to increase. b. If Japan imposes a quota on car exports to the United States, the price of cars in the United States is likely to increase. c. If the United States imposes a quota on Japanese car imports, the price of cars in the United States is likely to increase. d. If Japan imposes a subsidy on car exports to the United States, the price of cars in the United States is likely to increase.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 57P: The country of Pepperland exports steel to the Land of Submarines. Information for the quantity...
Related questions
Question
Which of the following statements is false?
Question 7Answer
a.
If the United States imposes a tariff on Japanese car imports, the price of cars in the United States is likely to increase.
b.
If Japan imposes a quota on car exports to the United States, the price of cars in the United States is likely to increase.
c.
If the United States imposes a quota on Japanese car imports, the price of cars in the United States is likely to increase.
d.
If Japan imposes a subsidy on car exports to the United States, the price of cars in the United States is likely to increase.
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