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The Effect of Imposing a Tariff on a Specific Imported

question 95

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The effect of imposing a tariff on a specific imported good is to the domestic price of the good and the domestic production of the good.


Definitions:

Incentive Bonus

A form of additional compensation paid to an employee as a reward for achieving certain goals or exceptional performance.

Gross Return

The total return on an investment before any deductions for fees or expenses.

Expense Ratio

A measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's average assets per annum.

Total Expense Ratio

It quantifies the total cost of fund management and operating expenses, expressed as a percentage of the fund’s total assets.

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