Who benefited from this tariff? Choose one or more: A. Mexican sugar producers B. non-Mexican foreign sugar producers OC. U.S. sugar producers OD. U.S. sugar consumers Now suppose that the United States increases the tariff to 75% on sugar imports from Mexico. Which of the following is likely to occur in the United States? Choose one: O A. The average sugar price will increase. OB. Only sugar produced in Mexico will increase in price. O C. Only sugar imported from non-Mexican foreign producers will increase in price. OD. Only domestically produced sugar will increase in price. O E. The average sugar price will stay the same.
Who benefited from this tariff? Choose one or more: A. Mexican sugar producers B. non-Mexican foreign sugar producers OC. U.S. sugar producers OD. U.S. sugar consumers Now suppose that the United States increases the tariff to 75% on sugar imports from Mexico. Which of the following is likely to occur in the United States? Choose one: O A. The average sugar price will increase. OB. Only sugar produced in Mexico will increase in price. O C. Only sugar imported from non-Mexican foreign producers will increase in price. OD. Only domestically produced sugar will increase in price. O E. The average sugar price will stay the same.
Chapter17: International Trade
Section: Chapter Questions
Problem 2.6P
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Question
Transcribed Image Text:Who benefited from this tariff?
Choose one or more:
A. Mexican sugar producers
OB. non-Mexican foreign sugar producers
OC. U.S. sugar producers
OD. U.S. sugar consumers
Now suppose that the United States increases the tariff to 75% on sugar imports from Mexico. Which of the following is likely to occur
in the United States?
Choose one:
O A. The average sugar price will increase.
O B. Only sugar produced in Mexico will increase in price.
O C. Only sugar imported from non-Mexican foreign producers will increase in price.
O D. Only domestically produced sugar will increase in price.
O E. The average sugar price will stay the same.
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