A Tariff

question 131

Multiple Choice

A tariff

• A) is a tax imposed on imported goods.
• B) encourages worldwide specialisation according to the principle of comparative advantage.
• C) is a tax imposed on exported goods.
• D) has no effect on prices paid by domestic consumers even though it increases the revenue collected by domestic producers.

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Definitions:

Occupation

A person's profession or main source of income, often reflecting their skills, training, and interests.

Feminine Beauty

Societal standards and perceptions of what is considered attractive or desirable in women.

Natural Appearance

The look of someone or something without alteration, enhancement, or makeup.

Fashions

A prevalent custom, style, or behavior in clothing, accessories, or manner of conduct that is popular at a particular time or place.