Which of the Following Statements Concerning Tariffs Is NOT True

question 205

Multiple Choice

Which of the following statements concerning tariffs is NOT true?

• A) A tariff decreases international trade.
• B) A tariff creates revenue for the government.
• C) A tariff results in a deadweight loss.
• D) A tariff leaves the price of imports unchanged.

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Definitions:

Betraying

The act of violating trust or confidence, typically for personal gain or advantage, often resulting in damage to a relationship.

Justice Approach

A way to base decisions on the basis of fairness

Ethical Decision-Making

The procedure of scrutinizing and opting for alternatives that adhere to principles of ethics.

Rights Approach

A decision-making method based on using moral principles that least infringe on the entitlements of others.