The Effect of Imposing a Tariff on a Specific Imported

question 53

Multiple Choice

The effect of imposing a tariff on a specific imported good is to the domestic price of the good and
The domestic production of the good.

• A) decrease; decrease
• B) decrease; to leave unaffected
• C) decrease; increase
• D) increase; increase
• E) increase; decrease

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Definitions:

Excessive Fear

An irrationally intense and overwhelming emotion of fear, beyond what is considered normal or proportionate to the situation.

Settling Point

A theory suggesting that body weight is regulated around a genetically predetermined 'set point', but environmental factors can change this point over time.

Plasticity

The capacity of the brain to change and adapt in response to experience, environment, or injury.

Sweet Tastes

The sensory experience perceived by taste receptors on the tongue in response to the presence of sugar or other sweet substances.