If Australia Changed the Average Import Tariff on All Goods

question 29

Multiple Choice

If Australia changed the average import tariff on all goods from 30% to 2%, what would be the expected impact?

• A) more consumer choice
• B) higher consumer prices
• C) an import quota
• D) an increase in exports

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Definitions:

Shape Constancy

The perceptual phenomenon whereby the perceived shape of an object remains constant despite changes in the angle of view, distance, or lighting.

Trapezoidal Image

A digital or optical image characterized by a trapezoid shape, often as a result of perspective distortion in photography.

Retinal

Pertaining to the retina, the light-sensitive layer of tissue at the back of the inner eye.

Top-down Processing

An approach to perception that involves higher-level cognitive processes controlling lower-level systems, often utilizing pre-existing knowledge to interpret incoming information.