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:

Workers' Compensation Benefits

Payments and benefits provided to employees who are injured or become ill as a direct result of their job.

Eligibility Requirements

Criteria that individuals must meet to qualify for participation in a program or to receive certain benefits.

Retirement Benefits

Financial support or services workers receive upon retiring, including pensions, health insurance, and other forms of retirement income.

Unemployment Benefits

Financial payments given to individuals who have lost their jobs until they find new employment.