Information from the US Department of Commerce indicates tha

Information from the us department of commerce indicates tha - GED Prep

Question

Information from the U.S. Department of Commerce indicates that the Import Administration, a division within the department, is responsible for addressing unfair trade practices in foreign nations. Recently, this entity implemented a tariff, which is a tax on imported goods, targeting specific products that were being sold at prices lower than their production costs.

Which statement characterizes a consequence of the Import Administration's action?

Answers

There was a decrease in the production of domestically manufactured goods.
The standards of products manufactured in foreign countries were altered.
correct

There was a decline in the demand for certain products manufactured in other countries.
There was a shift in the variety of products manufactured in the United States.

Explanation

The correct answer is C because imposing tariffs on certain imported goods typically results in higher prices for those goods, leading to reduced demand for them.

View Full Course Content Try our Free Questions

No Payment Cards Needed

Ged Test Prep exam

Normally $120

$69/month