contestada

a country produces two goods, soda and chips. it currently exports soda and imports chips. if it were to impose a tariff on chips, a. both imports of chips and exports of sodas would fall. b. imports of chips would fall, but exports of sodas would rise. c. both imports of chips and exports of sodas would rise. d. imports of chips would rise, but exports of sodas would fall.

Respuesta :

A) A country manufactures two products: soda and chips. At the moment, it exports soda and imports chips. If it imposed a tariff on chips, a. both chip imports and soda exports would fall.

What is a tariff?

Most countries are constrained by their natural resources and their ability to produce certain goods and services. They trade with other countries to meet the needs and demands of their population. However, trade isn't always conducted amicably between trading partners.

Policies, geopolitics, competition, and a variety of other factors can all make trading partners unhappy. Tariffs are one method by which governments deal with trading partners with whom they disagree.

Tariffs are taxes imposed by one country on goods and services imported from another country in order to influence it, raise revenue, or protect competitive advantages.

Learn more about tariffs with the help of the given link:

brainly.com/question/22685610

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