If a Tariff Is Imposed by a Country That Is

question 105

Multiple Choice

If a tariff is imposed by a country that is large enough to have market power in global markets,the domestic consumer will face an autarkic price than the world price for the product,and this world price will be by the tariff.

• A)higher; increased
• B)lower; unaffected
• C)higher; reduced
• D)lower; reduced
• E)lower; increased

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Definitions:

Arms

Limbs of the human body or appendages of animals that extend from the shoulder or main body part, often used for manipulation of the environment or locomotion.

Legs

Limbs in animals and humans that support the body, enable locomotion, and maintain balance.

Ecological Role

The specific part an organism plays in its ecosystem, including how it gets its energy, interacts with other organisms, and contributes to the flow of nutrients.

Ecological Niche

The role and position a species has in its environment, including all its interactions with the biotic and abiotic factors of its environment.