Micro 2.9: Tariffs and Quota Open Practice

import 2 million

export 6 million

import 6 million

neither export nor import SUVs.

export 2 million

where freedom of speech and religion can be practiced freely.

which does not engage in trade with other countries.

which trades goods and services with other countries.

which does not regulate its industries.

which does not impose taxes on its citizens.

raise; raise

lower; raise

raise; lower

lower; lower

raise; have no effect

A limit on the total number of shoes imported from Italy.

Regulation that specifies that each imported toy from China must meet certain safety guidelines.

A tax of $100 on each Suzuki motorcycle produced in the United States.

A tax of 10% of the value of each Suzuki motorcycle imported from Japan.

A regulation that denies imported goods from any nation that uses child labor to produce the goods.

rise; rise; fall

rise; fall; rise

rise; rise; rise

fall; rise; fall

fall; fall; fall

increase; increase

increase; decrease

decrease; increase

increase; remain the same

decrease; decrease