A Tariff Is Imposed on a Good

question 86

Multiple Choice

A tariff is imposed on a good.This _______ the quantity supplied, _______ the quantity demanded, and _______ the price in the home country.

• A)increases; does not change; does not change
• B)increases; increases; raises
• C)increases; decreases; raises
• D)decreases; increases; lowers
• E)increases; decreases; lowers

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Definitions:

Adaptive Change

A form of change that requires individuals, teams, or organizations to adjust their underlying assumptions and strategies in response to anticipated or actual shifts in the environment.

Developing

The process of growing or causing something to grow, evolve, or become more advanced.

Clarifying

The process of making statements or concepts less confused and more clearly comprehensible.

Plans

Detailed proposals for doing or achieving something, often indicating the timing and sequence of actions involved.