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Q.2 . Country A currently imposes a tariff on import of Japanese used cars. If tariff were eliminated, answer the following questions as what would

Q.2. Country A currently imposes a tariff on import of Japanese used cars. If tariff were eliminated, answer the following questions as what would happen to and why? Explain your answer to get high marks.(5)

a.Prices of automobiles in country A?

b.Ans:

c.Quality of automobiles assembled in A ?

Ans:

d.Profits of Japanese auto makers exporting to country A?

Ans:

e.Employment in country A automobile industry?

Ans:

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