If Canada Imposes a Tariff of $1 Per Imported Shirt

question 89

Multiple Choice

If Canada imposes a tariff of $1 per imported shirt, the tariff

• A)raises the price of a shirt paid by Canadian consumers.
• B)benefits Canadian shirt producers.
• C)decreases imports of shirts into Canada.
• D)creates a social loss.
• E)all of the above

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Definitions:

Compensatory Order

A compensatory order is a legal direction to pay restitution, typically in civil litigation, designed to cover the loss or injury suffered by a plaintiff.

Equitable Remedies

Legal solutions given by a court based on fairness rather than strictly on laws, such as injunctions or specific performance.

Injunction

A court order requiring an individual or entity to do or cease doing a specific action.

Consequential Damages

Consequential damages refer to losses or harm that do not directly stem from a party’s actions but are a secondary result of those actions.