Multiple Choice
Former U.S. President Bill Clinton attempted to protect American firms from foreign competition by placing a government tax on Japanese automobiles imported to the United States. President Clinton's goal was to raise the price on Japanese imports, thereby encouraging American consumers to purchase American-made automobiles. The tax the President threatened to impose is an example of a:
A) sanction.
B) tariff.
C) quota.
D) boycott.
Correct Answer:
Verified
Correct Answer:
Verified
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