Which two of the following are the most likely effects of the imposition of a tariff on an imported good?
- The domestic price of the imported good will fall
- Overseas production of the good may be stimulated
- Overseas employment will rise
- The domestic price of the imported good will rise
- Gain of tax revenue by the government
- (c) and (d)
- (a) and (c)
- (d) and (e)
- (b) and (d)
Correct answer: (C)
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