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.
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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
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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