Business
Business, 15.10.2019 22:10, kaydencool1234

4. tariff effects: an overview consider two hypothetical countries, borzia and ardon. both countries produce idevices, and the price of idevices is lower in borzia than in ardon. if borzia and ardon open to trade, producers inborzia would be more likely to lobby their government for an import tariff on idevices in order to protect themselves from foreign competition. which of the following statements about the effects of the tariff compared to free trade are correct? check all that apply. the tariff doesn’t need to increase the price of the imported idevice above its domestic price in order to reduce the price differential. in ardon, consumption decreases and domestic production increases. the tariff always raises the price of imported idevices above their domestic price. in ardon, some workers at retail and shipping companies that import idevices lose their jobs. in borzia, consumption decreases and domestic production increases.

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