A Country Produces Two Goods, Soda and Chips

question 149

Multiple Choice

A country produces two goods, soda and chips. It currently exports soda and imports chips. If it were to impose a tariff on chips,

• A)both imports of chips and exports of sodas would rise.
• B)imports of chips would rise, but exports of sodas would fall.
• C)imports of chips would fall, but exports of sodas would rise.
• D)both imports of chips and exports of sodas would fall.

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Definitions:

Communication

The process of transferring information, ideas, emotions, or skills from one entity to another through various means, including speech, writing, signals, or behavior.

Child Care

The care and supervision of young children, especially by a person other than the child's parents.

Security

Measures and protocols implemented to protect individuals, data, and assets from theft, attack, or other threats.

Attachment

The emotional bond that develops between a child and a caregiver, providing the child with emotional security.