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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.9
A country decides to impose both a tariff and a quota on the same imported good. Which of the following statements is most likely true?
The domestic producers will benefit from increased protection and reduced competition.
The total quantity of the imported good will remain unchanged despite the trade restrictions.
The consumers will experience lower prices due to the combined impact of tariff and quota.
The government revenue generated from the tariff will offset the negative effects of the quota.
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AP Microeconomics - 2.9 International Trade and Public Policy
Key terms
Imported good
Quota
Tariff
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Cram Mode
AP Score Calculators
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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