Reducing a Tariff ________ the Domestic Production of the Good

question 31

Multiple Choice

Reducing a tariff ________ the domestic production of the good and ________ the total domestic consumption of the good.

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

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Definitions:

Costly

Involving a large expense; high in price or requiring a great amount of resources or money.

Stainless Steel

An alloy of iron and chromium that is resistant to rust, staining, and corrosion.

Damage Prevention

Actions or strategies aimed at stopping harm or degradation, especially in the context of physical properties or health.

Squeezed

The action of applying pressure from all sides, often to extract liquid or alter its shape.