When a Country Decides to Impose a Tariff on a Good

question 12

Multiple Choice

When a country decides to impose a tariff on a good they are already importing,we can expect the ________ to decrease and the price of the good to ________.

• A) supply; increase
• B) supply; decrease
• C) demand; decrease
• D) demand; increase
• E) supply and demand; decrease

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Definitions:

Ancient Greeks

A civilization belonging to a period of Greek history that lasted from the Dark Ages (around 1200 B.C.) to the end of antiquity (circa 600 A.D.). Known for their advancements in philosophy, science, and the arts.

Abnormal Behaviors

These are patterns of emotion, thought, and action considered pathological (outside societal norms) for one or more of several reasons, including rarity, violation of norms, personal distress, or harmfulness.

Social Norm Deviance

The act of behaving in ways that are not in alignment with accepted social practices or standards.

Mental Illness

A broad term for a wide range of mental health conditions that affect mood, thinking, and behavior, often requiring diagnosis and treatment by mental health professionals.