Assume That a Country Imposes a Tariff in Order to Gain

question 124

Multiple Choice

Assume that a country imposes a tariff in order to gain a price advantage on an item.What is the typical response from the exporting country?

• A)It accepts the situation and does nothing about it.
• B)It seeks greater efficiency in order to offset the tariff.
• C)It refuses to sell to the country that imposes the tariff.
• D)It retaliates by imposing tariffs or quotas on items from the other country.

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Definitions:

First Experimental Laboratory

The facility established by Wilhelm Wundt in 1879 in Leipzig, Germany, marking the formal beginning of psychology as an experimental science.

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An American novelist, playwright, and activist known for his works on racial, sexual, and class distinctions in Western societies.

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A country in North America known for its vast landscapes, multicultural communities, and as a member of the Commonwealth.

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The study of the relationship between brain function, behavior, and psychological processes.