Which of the Following Refers to the Consumption Effect of a Tariff

question 60

Multiple Choice

Which of the following refers to the consumption effect of a tariff on imported automobiles?

• A)The decline in the purchase of the imported product due to the increase in its price.
• B)The net increase in the availability of the domestic automobiles for the consumers owing to higher prices.
• C)The net increase in the government revenue by taxing the domestic consumers who buy the imported automobiles.
• D)The net increase in the consumption of imported automobiles by the domestic consumers.

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Definitions:

Anorexia Nervosa

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.

Hypokalemia

A medical condition characterized by lower-than-normal levels of potassium in the bloodstream, which can affect heart and muscular function.

Laxatives

Substances that promote bowel movements and are used to treat or prevent constipation, often by softening stools or increasing their passage through the bowels.