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Author Question: If Australia changed the average import tariff on all goods from 30 to 2, what would the expected ... (Read 100 times)

humphriesbr@me.com

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on: Jul 14, 2018
If Australia changed the average import tariff on all goods from 30 to 2, what would the expected impact be?
 A) More consumer choice
  B) Higher consumer prices
  C) An import quota
  D) An increase in exports
  E) Allocation of resources to dying industries in Australia

Question 2

Howard believes that there should be no trade restrictions for any reason. What would Howard say are the negative consequences of trade restrictions?
 A) Lower tariffs
  B) Lower prices
  C) More consumer choice
  D) Higher prices
  E) Decreased hostility between nations


nicoleclaire22

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Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

D


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