The Basic Difference in the Economic Effects of a Tariff

question 109

Multiple Choice

The basic difference in the economic effects of a tariff compared with a quota is that a

• A) quota reduces domestic consumption of the product, but a tariff does not.
• B) tariff allows imports to increase if demand increases, whereas a quota does not.
• C) tariff raises product prices, but a quota does not.
• D) quota raises product prices, but a tariff does not.

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Definitions:

Pre-mRNA

RNA precursor to mRNA in eukaryotes; contains both introns and exons.

Exon Combinations

Variations in the assembly of exons during mRNA processing, resulting in different mRNA molecules from the same DNA sequence.

DNA Strand

One of the two long chains of nucleotides that form the double helix structure of DNA, carrying genetic information.

mRNA

Messenger RNA, a type of RNA that conveys genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein products.