If a Tariff Is Imposed in a Country That Is

question 94

Multiple Choice

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

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

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Definitions:

Implementation Phase

The stage in a project or strategy where plans are put into action and executed to achieve the intended objectives.

R and D

Research and Development, a business or government activity that involves the investment of resources in gaining new knowledge and creating new products or processes.

Implementation Phase

The stage in a project, plan, or strategy where plans are put into action or executed.

Marketing Program

A comprehensive plan that outlines the advertising, sales, and marketing efforts for a particular period to achieve specific business goals.