If a Tariff Is Imposed by a Country That Is

question 52

Multiple Choice

If a tariff is imposed by a country that is large enough to have market power in global markets, the domestic consumer will face a price than the world price for the product, and this world price will be by the tariff.

• A)lower; unaffected
• B)lower; increased
• C)higher; increased
• D)lower; reduced
• E)higher; reduced

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Definitions:

Anthocerophyta

A division of non-vascular plants known as hornworts, characterized by a horn-like structure that contains the plant's reproductive organs.

Bryophyta

A division of non-vascular plants that includes mosses, liverworts, and hornworts, characterized by a life cycle dominant in the gametophyte stage.

Whisk Ferns

Primitive, vascular plants belonging to the genus Psilotum, characterized by their simple, whisk-like appearance, lacking true leaves and roots.

Bryophyta

Bryophyta is a division of non-vascular plants that includes mosses, liverworts, and hornworts, characterized by a life cycle dominated by the gametophyte stage.