In the Importing Country,the MOST Likely Effect of a Tariff

question 167

Multiple Choice

In the importing country,the MOST likely effect of a tariff is to:

• A)raise the price and decrease the quantity demanded.
• B)raise the price and increase the quantity demanded.
• C)raise the price without affecting the quantity demanded.
• D)decrease the quantity supplied.

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Definitions:

Mill Girls

Young women who worked in the textile mills during the Industrial Revolution, particularly noted in the 19th century in the United States, often to support their families under challenging conditions.

Labor Force

The total number of people employed or actively seeking employment in a country or region.

State Governments

The governing bodies of individual states in a federal system, responsible for local governance and law-making.

Voting Privilege

The right or benefit, often exclusive to certain groups, allowing an individual to participate in the election of leaders and policies through casting a vote.