If the United States imposes a tariff on the import of Japanese cars instead of a quota, the price
a. increase in Japanese cars goes into the revenue of U.S. automakers.
b. increase in Japanese cars goes into the revenue of Japanese automakers.
c. increase in Japanese cars goes into the revenue of the U.S. government.
d. decrease in Japanese cars comes out of the revenue of U.S. automakers.
e. decrease in Japanese cars comes out of the revenue of the U.S. government.
c
You might also like to view...
A country has a total of 300 million people over the age of 16 who are not in active military or institutionalized. Of those, 200 million have jobs and 20 million are looking for jobs. The unemployment rate is:
A) 2.8% B) 0.0% C) 9.1% D) 2.2%
The reminiscences of two famous people who were born into slavery, Frederick Douglass and Booker T. Washington, include all of the following except
(a) The common custom among slave owners was to ensure that small children of slaves had the nurturing of both parents until they reached good working age. (b) Their early years were not very different from thousands of other slave children. (c) Their fathers were white men. (d) They saw their mothers infrequently, only a few times in their lives, or only sometimes in the early morning hours before their mothers went to work or late at night.
Which of the following will cause an outward (rightward) shift in the supply curve?
A) a reduction in the price of the good B) an increase in the price of labor input C) an increase in the number of consumers D) technological progress
Which of the following will not shift the demand curve for labor?
A. the use of a larger stock of capital with the labor force B. a change in the wage, marginal resource cost C. the adoption of a more efficient method of combining labor and capital in the production process D. an increase in the price of the product that labor is helping to produce