Asked by SeLva MaLaR Prakash on Jun 28, 2024
Verified
Refer to Figure 9-3. The imposition of a tariff on roses
A) increases the number of roses imported by 100.
B) increases the number of roses imported by 200.
C) decreases the number of roses imported by 200.
D) decreases the number of roses imported by 500.
Tariff
A tax imposed on imported goods and services to increase their price, protect domestic industries, or generate revenue.
Roses Imported
The total quantity or value of roses brought into a country from abroad for sale.
- Examine how tariffs influence the volume of goods that are imported or exported.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
C
Explanation :
The imposition of a tariff typically increases the cost of imported goods, leading to a decrease in the quantity of those goods imported. Without seeing Figure 9-3, the specific numbers can't be verified, but option C correctly reflects the general effect of a tariff: it decreases the number of imports.
Learning Objectives
- Examine how tariffs influence the volume of goods that are imported or exported.