Asked by
shadrack nyambi
on Oct 25, 2024
Verified
A tariff imposed on Japanese imports into the United States tends to _____ U.S.producers and _____ Japanese producers.
A) penalize;benefit.
B) benefit;penalize
C) penalize;penalize
D) benefit;benefit
Japanese Imports
Goods or services brought into another country from Japan for commercial purposes or consumption.
U.S. Producers
Refers to individuals or companies within the United States that manufacture or supply goods and services.
Tariff
A tax imposed on imported goods and services to raise their price and protect domestic industries.
- Scrutinize the consequences of trade policies on the surplus for both producers and consumers.
Verified Answer
GG
Learning Objectives
- Scrutinize the consequences of trade policies on the surplus for both producers and consumers.