Asked by Kevin Nguyen on Apr 24, 2024

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If the United States decreases the tariff on imported tuna steaks, this will

A) reduce the number of tuna steaks imported into the United States and reduce production of tuna steaks in the United States.
B) increase the number of tuna steaks imported in the United States and increase the production of tuna steaks in the United States.
C) reduce the number of tuna steaks imported in the United States and increase the production of tuna steaks in the United States.
D) increase the number of tuna steaks imported in the United States and reduce the production of tuna steaks in the United States.

Tariff

A tax imposed on imported goods and services, typically to restrict trade, increase government revenue, or protect domestic industries.

Tuna Steaks

Thick cuts of tuna fish meat, often cooked by grilling, broiling, or searing, popular in various culinary traditions.

  • Absorb the fundamentals and repercussions of tariffs and quotas affecting international trade flows.
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TH
Tyson Howard5 days ago
Final Answer :
D
Explanation :
Decreasing the tariff on imported tuna steaks makes them cheaper to import, leading to an increase in imports. Domestic producers, facing tougher competition from cheaper imports, may reduce their production as a result.