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The U.S. has decided to impose a 33% tax on solar panels that are imported from China: This is a tariff This is an import

The U.S. has decided to impose a 33% tax on solar panels that are imported from China:

This is a tariff
This is an import quota
This will protect the solar industry in the U.S.
Both A and C

The U.S. has decided to impose a 15% tax on cheese that is imported from the European Union.

This will protect the domestic cheese industry
This will increase the price of domestic cheese
This will reduce the number of imports from the European Union
All of the above

Comparative advantage indicates the idea that one party:

may be able to produce everything relatively more efficiently than another party.
may be able to produce something at a lower dollar cost than another party.
with an absolute advantage in producing two different may export goods both of those goods to the other party.
may be able to produce something at a lower opportunity cost than another party.

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