Asked by
Shirley Scholten
on Dec 12, 2024
Verified
Refer to Figure 17-9. The imposition of a tariff on carnations
A) increases the number of carnations imported by 100.
B) increases the number of carnations imported by 200.
C) decreases the number of carnations imported by 200.
D) decreases the number of carnations imported by 400.
Tariff
A tax imposed by a government on imported goods, often used to protect domestic industries and adjust trade balances.
Carnations
A species of flowering plant in the Dianthus genus, often used in bouquets and floral arrangements.
Imported
Brought into a country from abroad for sale.
- Determine the consequences of tariffs and quotas on domestic economic structures and worldwide trade activities.
Verified Answer
PR
Learning Objectives
- Determine the consequences of tariffs and quotas on domestic economic structures and worldwide trade activities.