Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A) Both quotas and tariffs have direct and immediate effects on domestic prices regardless of the reactions of foreign sellers.
• B) Neither quotas nor tariffs have direct or indirect effects on domestic prices unless foreign sellers absorb some of the demand loss.
• C) Quotas have direct and immediate effects on domestic prices, but tariffs do not unless foreign sellers choose not to absorb their full value in the pretariff export price.
• D) Tariffs have direct and immediate effects on domestic prices, but quotas do not unless foreign sellers choose to absorb their full impact on demand.
• E) All of the above are true depending on the elasticities of demand.

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Definitions:

Suspended

Temporarily barred from attending school, work, or other activities as a form of punishment.

Expelled

The act of being formally removed from an institution, like a school, as a disciplinary measure.

Math And Science Exams

Standardized tests or assessments used to evaluate a student's understanding and knowledge in mathematics and science subjects.

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Training and conditioning of the body for improved performance and resilience in physical activities, sports, or for health reasons.