suppose that the world price of tvs is $400, and the government imposes a $100 tariff. the new price domestic consumers pay for a tv is: $500. $600. $400. $700.

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04-11-2022
Business

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suppose that the world price of tvs is $400, and the government imposes a $100 tariff. the new price domestic consumers pay for a tv is: $500. $600. $400. $700.

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AnkitM AnkitM · Answer 1 · 2022-11-13T20:01:50-05:00

the new price domestic consumers b for a tv is: $500

The natural resources and capacity of the majority of nations to generate specific goods and services are their main constraints. To meet the wants and expectations of their populace, they engage in commerce with other nations. However, trading partners don't always conduct business in a cordial way. Trading partners may become dissatisfied due to policies, geopolitics, competitiveness, and many other issues.

Tariffs are one tool used by governments to interact with trading partners with whom they do not agree. A tariff is a tax that one country imposes on the imports of goods and services from another country in an effort to sway it, generate revenue, or safeguard competitive advantages.

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