A Tariff Is Imposed on a Good

question 86

Multiple Choice

A tariff is imposed on a good. The tariff will _______ the domestic quantity supplied,_______ the domestic quantity demanded, and _______ price in the home country.

• A) increase; decrease; increase
• B) increase; increase; increase
• C) increase; decrease; decrease
• D) increase; not affect; not affect

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Definitions:

Semantic Memory

A type of long-term memory that involves the ability to remember meanings, concepts, facts, and general knowledge about the world.

Episodic Memory

The ability to remember specific events or episodes from one's life, including the contexts and emotions associated with them.

Mnemonic Devices

Tools or strategies used to improve memory through the use of patterns, rhymes, acronyms, or visual aids.

Visual Imagery

The mental visualization of scenes or images, a cognitive process used in memory, creativity, and problem-solving.