A Canadian Tariff Imposed on Items That Can Be Produced

question 65

Multiple Choice

A Canadian tariff imposed on items that can be produced more cheaply abroad

• A)benefits Canadians by making these goods cheaper.
• B)makes the goods more expensive in foreign markets.
• C)creates a deadweight loss.
• D)equalizes the cost of production between Canada and foreign producers.
• E)All of the above.

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Definitions:

Falsified Documents

This term refers to documents that have been illegally altered or fabricated to deceive.

Extortion

A criminal offense in which a person obtains money, property, and/or services from another by wrongfully threatening or inflicting harm to his or her person, property, or reputation. Also called blackmail.

Hacker

A person who illegally accesses, or enters, another person’s or company’s computer system to obtain information or steal money.

Responsible Corporate Officer Doctrine

A legal principle that holds company executives personally liable for the illegal actions of their company if they were in a position to prevent the actions.