Canada Is a Net Importer of Durable Consumer Goods (Washing

question 116

Multiple Choice

Canada is a net importer of durable consumer goods (washing machines,refrigerators,etc.) .If Canada initially has no tariffs and it then imposes a 10% tariff on these goods,we would expect to observe

• A)a reduction in the production of the commodity in Canada.
• B)an upward shift in the commodity's demand curve.
• C)a downward shift in the commodity's demand curve.
• D)an upward shift in the commodity's supply curve.
• E)an increase in the tariff revenue collected by the Canadian government.

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Definitions:

Mineral Deposit

A natural accumulation of minerals in quantities sufficient for economic extraction.

Younger Sediments

Sediment layers that have been deposited more recently over older layers in the geological strata.

Black Smokers

Hydrothermal vents on the seafloor that emit clouds of black material, rich in minerals like sulfides.

Copper Deposits

Concentrations of copper within the Earth that can be mined for economic value.