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wlad13 [49]
3 years ago
14

If the United States imposed a 25 percent tariff on imports of minivans, the effect would be to Select one: a. raise the price a

nd reduce the quantity of imports. b. raise the price and the quantity of imports. c. lower the price and the quantity of imports. d. raise the quantity and reduce the price of imports.
Business
1 answer:
dezoksy [38]3 years ago
6 0

Answer:

A. Raise the price and reduce the quantity of imports

Explanation:

A tariff can be defined as  a specific tax levied on an imported good into the country. It is a tool to encourage buying of domestic goods. The method is that an increase in the price paid for importing goods would  increase the price of the goods, thereby forcing Americans to buy goods made in America.

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Based on the actions of Preteresia , we can infer that this scenario best describes <u>Global Convergence</u>.

<h3>What is Global Convergence?</h3>
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Find out more on the effects of global convergence at brainly.com/question/18077255.

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Answer:

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Explanation:

What is express warranty?

An express warranty arises from the parties’ negotiations in a sales transaction. Express warranties are often included in the written terms of a contract. An “express” warranty by a seller is created by:

Any statement of fact or promise relating to the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the statement or promise.

Any description of the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the description.

Any sample or model, which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the sample or model.

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