

MCQOPTIONS
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1. |
If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ? |
A. | The price of autos within the nation will rise by 10 percent |
B. | The price of autos within the nation will rise by less than 10 percent |
C. | The price of autos within the nation will rise by more than 10 percent |
D. | The price of autos will not rise because of internal competition |
Answer» B. The price of autos within the nation will rise by less than 10 percent | |