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

question 109

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

---

Definitions:

Exponential Growth

A population growth pattern where the size of the population increases at a rate proportional to its current size, leading to faster growth as the population gets larger.

Carrying Capacity

The maximum population size of a biological species that an environment can sustain indefinitely.

Random Dispersion

A pattern of spacing of individuals within a population where the position of each individual is independent of others.

Interference Competition

Intraspecific competition in which certain dominant individuals obtain an adequate supply of the limited resource at the expense of other individuals in the population. Also called contest competition.