Raising an existing tariff on grapes from Argentina will: a. increase domestic production of grapes. b....
Raising an existing tariff on grapes from Argentina will: a. increase domestic production of grapes. b. increase total American consumption of grapes. c. increase American consumption of domestically produced grapes. d. increase American imports of grapes from Argentina.
Homework Answers
- A tariff is simple words is the tax which is imposed on particular items by the importing country to limit the import.
- It is done to increase domestic production and boost domestic growth.
- It does not affect consumption.
- So by imposing tax, the grapes are limited in import and major focus is on domestic production.
- the answer is an option A
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