4. Tariff effects: An overview Consider two hypothetical countries, Borzia and Ardon. Both countries produce iDevices, and the price of iDevices is lower in Borzia than in Ardon. If Borzia and Ardon open to trade, producers in Ardon would be more likely to lobby their government for an import tariff on iDevices in order to protect themselves from foreign competition. Which of the following statements about the effects of the tariff compared to free trade are correct? Check all that apply. In Ardon, consumers pay more for the domestic iDevices. In Ardon, some workers at retail and shipping companies that import iDevices lose their jobs. In Ardon, producers of iDevices are willing to expand output. In Borzia, workers in iDevice importing companies lose their jobs. In Ardon, workers in iDevice importing companies see more jobs available to them.

Essentials of Economics (MindTap Course List)
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Chapter9: Application: International Trade
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4. Tariff effects: An overview
Consider two hypothetical countries, Borzia and Ardon. Both countries produce iDevices, and the price of iDevices is lower in Borzia than in Ardon. If
Borzia and Ardon open to trade, producers in Ardon would be more likely to lobby their government for an import tariff on iDevices in order to
protect themselves from foreign competition.
Which of the following statements about the effects of the tariff compared to free trade are correct? Check all that apply.
In Ardon, consumers pay more for the domestic iDevices.
In Ardon, some workers at retail and shipping companies that import iDevices lose their jobs.
In Ardon, producers of iDevices are willing to expand output.
In Borzia, workers in iDevice importing companies lose their jobs.
In Ardon, workers in iDevice importing companies see more jobs available to them.
Transcribed Image Text:4. Tariff effects: An overview Consider two hypothetical countries, Borzia and Ardon. Both countries produce iDevices, and the price of iDevices is lower in Borzia than in Ardon. If Borzia and Ardon open to trade, producers in Ardon would be more likely to lobby their government for an import tariff on iDevices in order to protect themselves from foreign competition. Which of the following statements about the effects of the tariff compared to free trade are correct? Check all that apply. In Ardon, consumers pay more for the domestic iDevices. In Ardon, some workers at retail and shipping companies that import iDevices lose their jobs. In Ardon, producers of iDevices are willing to expand output. In Borzia, workers in iDevice importing companies lose their jobs. In Ardon, workers in iDevice importing companies see more jobs available to them.
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