If Australia Imposes a Tariff on Foreign Chocolate, How Are

question 76

Multiple Choice

If Australia imposes a tariff on foreign chocolate, how are foreign producers of chocolate affected?

• A) Their supply increases because they have to pay the tariff.
• B) The tariff has no effect on foreign producers because Australian consumers must pay the higher price.
• C) They export less to Australia.
• D) Their supply is unaffected because the quota must be met by Australian producers.
• E) They earn more profit because their chocolate sells for a higher price.

---

Definitions:

Least Rapidly

Describes the slowest rate or speed at which a process or reaction occurs.

Major Resonance Structures

The resonance structures that contribute more significantly to the hybrid of a molecule due to their lower energy and higher stability.

Sigma Complex

An intermediate stage in certain chemical reactions characterized by a complex in which the central metal atom is bonded to ligands through sigma bonds.

HNO3

Nitric acid, a highly corrosive and toxic strong mineral acid used in the production of fertilizers, explosives, and in the pickling of metals.