Ask Question
BusinessBusiness
31 May, 15:27

In two to three sentences, explain how a tariff on cars can reduce the demand for imported cars.

+4
Answers (1)
  1. 31 May, 15:58
    0
    A tariff by definition is a tax to be paid on a particular class of imports or exports. so if people had to start paying extra for imported cars the demand for imported cars would be reduced and the demand for more domestic vehicles would rise.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In two to three sentences, explain how a tariff on cars can reduce the demand for imported cars. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is not considered when you are calculating cost of quality? A. How much it costs to repair deliverables when they don't meet requirements. B. The cost of training the team to perform inspections. C.
Answers (1)
Exercise 11-10 Tamarisk, Inc. was organized on January 1, 2021. During its first year, the corporation issued 2,400 shares of $50 par value preferred stock and 135,000 shares of $10 par value common stock.
Answers (1)
What a some different types of of financial institutions
Answers (1)
On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $53,400. During 2021, $91,000 was paid for insurance.
Answers (1)
Strategic leadership is about a. strategy implementation. b. strategy formulation. c. establishing effective contract processes. d. how to effectively manage a company's strategy and create competitive advantage. e.
Answers (1)
New Questions in Business
The firm Patrick started nearly a decade ago is commonly referred to as a market leader. Upon reflecting on the leadership status of his company, Patrick considered the qualities that could eventually bring a firm to a leading position in the
Answers (1)
Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31.
Answers (1)
When considering time management techniques, it is important to remember that a. The more techniques used, the better off you will be b. You have to try strategies that don't make sense for your type of work C.
Answers (2)
Because of its sheer size and the volume of products it purchases from its vendors, walmart can dictate the prices it will pay. which of porter's five competitive forces does this represent?
Answers (1)
Buster industries pays weekly salaries of $17,800 on friday for a five-day week ending on that day. the adjusting entry necessary at the end of the fiscal period ending on tuesday is
Answers (1)
Home » Business » In two to three sentences, explain how a tariff on cars can reduce the demand for imported cars.
Sign Up Forgot Password?