An import Tariff does: Increase domestic consumption Decrease domestic production Decrease domestic prices Increase government revenue

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter35: International Trade Restrictions
Section: Chapter Questions
Problem 3E
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An import Tariff does:
Increase domestic consumption
Decrease domestic production
Decrease domestic prices
Increase government revenue
Transcribed Image Text:An import Tariff does: Increase domestic consumption Decrease domestic production Decrease domestic prices Increase government revenue
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