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

question 51

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

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Definitions:

Motor Abilities

Skills related to the movement and coordination of muscles and limbs.

Longitudinal Study

Research that follows the same subjects over a period of time, often years or even decades, to observe changes and developments.

Terman Life Cycle Study

A longitudinal psychological study that began in 1921 by psychologist Lewis Terman, aimed at studying the development and characteristics of gifted children into adulthood.

Cognitive Development

The process by which individuals perceive, think, and understand, through learning, experience, and their senses.