If a Tariff Is Imposed on a Good in a Country

question 59

Multiple Choice

If a tariff is imposed on a good in a country that is too small to have global market power in that good,the domestic consumer will face a ________ price,and the price paid to foreign producers will ________.

• A)higher; fall
• B)higher; not change
• C)higher; rise
• D)lower; not change
• E)lower; rise

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Definitions:

Sociology and Anthropology

Interdisciplinary fields that study the development, structure, and functioning of human society and the cultural and social aspects of human life.

Idealized Self-image

is a mental picture of how one would like to be, often unrealistic and influenced by personal aspirations and societal expectations.

Neurotic Trends

Patterns of behavior or thought that are characteristic of neurosis, often manifesting as anxiety, depression, or other forms of distress.

Compliant Personality

A personality trait characterized by a predisposition to agree with others and follow rules or instructions with little resistance.