If a Country's Government Imposes a Tariff on Imported Goods

question 5

Multiple Choice

If a country's government imposes a tariff on imported goods, that country's current account balance will likely ____ (assuming no retaliation by other governments) .

• A) decrease
• B) increase
• C) remain unaffected
• D) Either A or C are possible.

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Definitions:

Creaming

The practice of selectively choosing the best or most profitable customers or clients, often leading to discrimination against those perceived as less desirable.

Anorexia

A serious eating disorder characterized by an intense fear of gaining weight and a distorted body image, leading to self-imposed starvation and excessive weight loss.

Feedback

Information or responses about an action or process, used as a basis for improvement.

Task-achievement Scaling

A method used to measure the success in completing specific tasks or achieving goals, often used in project management and educational settings.