If There Is Something Extra Bad About Local Consumption of a Product

question 36

Multiple Choice

If there is something extra bad about local consumption of a product, then a tariff can be good for the country because:

• A)the tariff makes all residents richer.
• B)the tariff brings down the domestic price of the product.
• C)the tariff leads to higher domestic price for the product.
• D)the tariff revenue is invested in the production of substitute products.

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Definitions:

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Enhanced Look

An improved or upgraded appearance or presentation of a product, individual, or concept.

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A progressive neurological disorder that leads to memory loss, cognitive decline, and ultimately, loss of ability to perform daily activities.

Healthcare Industry

A sector that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.