• 2022-06-04
    Assume the United States adopts a tariff quota on steel in which the quota is set at 2 million tons, the within-quota tariff rate equals 5 percent, and the over-quota tariff rate equals 10 percent. Suppose the U.S. imports 1 million tons of steel. The resulting revenue effect of the tariff quota would accrue to:(  )
    A: The U.S. government only
    B: U.S. importing companies only
    C: Foreign exporting companies only
    D: The U.S. government and either U.S.   importers or foreign exporters
  • A
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