The Effect of the Imposition of a New Tariff on Some

question 106

Multiple Choice

The effect of the imposition of a new tariff on some commodity is to ________ domestic production of that commodity and ________ the domestic consumption of that commodity.

• A)decrease; increase
• B)leave unaffected; decrease
• C)decrease; decrease
• D)increase; increase
• E)increase; decrease

---

Definitions:

Product

An item or service developed, manufactured, or provided to fulfill the needs or desires of consumers.

Closeout

The act of completing all project-related tasks, documenting outcomes, and formalizing the conclusion of a project.

Organizing

The process of arranging resources, defining roles, and establishing structures within an organization or project to achieve objectives efficiently.

Preparing

The process of making ready or being made ready for use or consideration, often involving planning and setup.