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Which of the following would be expected if the tariff on foreign-produced automobiles were increased?A. The domestic price of automobiles would fall.B. The supply of foreign automobiles to the domestic market would be reduced, causing auto prices to rise.C. The number of unemployed workers in the domestic automobile industry would rise.D. The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.

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Answer:

A. levied on imports, whereas a quota is imposed on exports.

B. levied on exports, whereas a quota is imposed on imports.

C. a tax levied on exports, whereas a quota is a limit on the number of units of a good that can be exported.

D. a tax imposed on imports, whereas a quota is an absolute limit to the number of units of a good that can be imported.

Explanation:

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