Which of the following shows the loss to consumers in the importing country that results from them reducing their consumption after the tariff is imposed?
A. one-dollar, one-vote metric
B. production effect
C. consumption effect
D. terms-of-trade effect
Answer:C
Which of the following shows the loss to consumers in the importing country that results from them reducing their consumption after the tariff is imposed?
A. one-dollar, one-vote metric B. production effect C. consumption effect D. terms-of-trade effect