The United States recently put tariffs on tires manufactured in China and imported into the United States. As a result:
A. Worldwide employment increases and the overall standard of living increases.
no more tires made in China will be sold in the United States.
B. Tires made in other parts of the world will be allowed and most likely decrease in price here.
C. China increased tariffs on products it buys from the United States. Consequently, prices rise, competition lessens and the overall standard of living of both countries decreases.
D. Tires in the United States decrease in price; especially those tires made in the United States will decrease in price and employment in this industry will increase.