When a Tariff Is Removed This Will Lead To

question 24

Multiple Choice

When a tariff is removed this will lead to:

• A) a rise in imports and greater domestic demand and supply.
• B) a rise in imports and a fall in domestic demand and supply.
• C) a rise in imports and domestic demand but lower domestic supply.
• D) no change in imports as increased demand is met by increased domestic supply.

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Definitions:

Essentialism

The belief in the real, true essence of things, the fixed, invariable, and unchangeable nature that defines entities or concepts.

Social Learning

A theory that suggests people can learn new behaviors and norms through observing and imitating others.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, manifesting in various aspects of social, economic, and political life.

Intellectual Quality

The caliber of thought, creativity, and understanding embedded in an idea, work of art, or argument.