MICROECONOMICS(LL)COMPANION
MICROECONOMICS(LL)COMPANION
21st Edition
ISBN: 9781260713541
Author: McConnell
Publisher: MCG
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Chapter 26, Problem 10DQ
To determine

How tariffs reduce the imports as well as the exports of the country.

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Governments sometimes erect barriers to trade other than tariffs and quotas. Which of the following is not an example of this type of trade barrier? O a requirement that imports meet health and safety requirements restrictions on imports for national security reasons 4 O a requirement that the employees of domestic firms that engage in foreign trade pay income taxes O a requirement that the U.S. government buy military uniforms only from US, manufacturers
American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota on apparel imports from China. Which policy would Chinese apparel manufacturers prefer? LO26.4   a. Tariff. b. Quota.
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