A Tariff on a Product

question 71

Multiple Choice

A tariff on a product

• A)is a direct quantitative restriction on the amount of a good that can be imported.
• B)increases the domestic quantity supplied.
• C)increases domestic consumer surplus.
• D)All of the above are correct.

---

Definitions:

Statistical Analysis

The process of collecting, examining, interpreting, and presenting data to discover underlying patterns and trends.

University Degree

A credential awarded to students upon successful completion of a course of study in higher education, typically at a college or university.

Job Specification

A statement of the needed knowledge, skills, and abilities of the person who is to perform the job.

Legal Challenges

Issues or disputes that require resolution through the legal system.