Which of the Following Statements Concerning Tariffs Is Not True

question 71

Multiple Choice

Which of the following statements concerning tariffs is not true?

• A)A tariff decreases international trade.
• B)A tariff leaves the price of imports unchanged.
• C)A tariff decreases domestic consumption.
• D)A tariff creates revenue for the government.
• E)A tariff increases domestic production.

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Definitions:

Consistency

The degree to which a person, process, or entity remains unchanged over various conditions or over time.

Skill

The ability to perform tasks with expertise, typically acquired through practice or training.

Downward Move

Assignment of an employee to a position with less responsibility and authority.

In-basket Exercises

A simulation exercise used in assessment centers, mimicking the workload and decision-making challenges faced in a job.