Answer:
D. A tariff was added to the Chinese imports.
Explanation:
In economics, Tariffs refers to a additional amount that a company need to pay to gain permission to sell their product in a certain country.
This could be seen in option D.
Typically, Tariffs will increase the amount of price needed entering the market. Because of this, the company that imported the product had to increase the price of their product. This will make the imported products seems more univariable by the local customers.
This is why Tariff is generally an effective measure to help local businesses compete with foreign businesses.
Answer:
B
Explanation:
I think It's B...........
Answer:
The correct answer is - option A. The law of supply and demand does not apply because, in a command economy, the government controls the market.
Explanation:
Command economy does not follow the normal market economy rules including the law of demand and supply as here these two aspects or forces demand and supply do not determine what will be price, what would be the production of the goods and the services.
In this economy, government controls the prime aspects of the economy including the price of goods and services, how much the production of goods would be, and what would be produced more. It discourages the competition of the market by controlling the market completely.