Suppose Canada Eliminates a 15% Tariff on Foreign-Made Leather Goods

question 51

Multiple Choice

Suppose Canada eliminates a 15% tariff on foreign-made leather goods.There will be a ________ in the Canadian price of leather goods,________ profits for domestic leather-goods producers,and ________ in the deadweight loss associated with the tariff.

• A)rise; increased; an increase
• B)fall; decreased; a decrease
• C)rise; increased; a decrease
• D)fall; increased; a decrease
• E)fall; decreased; an increase

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Definitions:

Manipulating Factors

Variables that researchers deliberately change or manipulate in an experiment to see if they have an effect on some other variable.

Confounding Variable

An outside influence that changes the effect of a dependent and independent variable on each other, potentially skewing the results of a study.

Factor Being Studied

The specific element or variable that is being investigated or examined in research or experiments.

Influence Study's Results

Factors or variables that can affect the outcome or findings of a research study.