ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Which of the following statements is false?
Question 7Answer
a.
If the United States imposes a tariff on Japanese car imports, the price of cars in the United States is likely to increase.
b.
If Japan imposes a quota on car exports to the United States, the price of cars in the United States is likely to increase.
c.
If the United States imposes a quota on Japanese car imports, the price of cars in the United States is likely to increase.
d.
If Japan imposes a subsidy on car exports to the United States, the price of cars in the United States is likely to increase.
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