Asked by
Katelyn Ramos
on Oct 25, 2024Verified
A tariff imposed on U.S.imports into Japan tends to _____ U.S.producers and _____ Japanese producers.
A) penalize;benefit
B) benefit;penalize
C) penalize;penalize
D) benefit;benefit
U.S. Imports
Products and services purchased by United States residents from foreign nations.
Japanese Producers
Japanese producers refer to businesses or individuals based in Japan engaged in the production of goods or services, known for their innovation and quality across various industries.
Tariff
A levy placed by a government on imports to manage trade amounts and safeguard local sectors.
- Investigate the outcomes of trade policies on producer and consumer surplus.
Verified Answer
MM
Learning Objectives
- Investigate the outcomes of trade policies on producer and consumer surplus.