If a Country Imposes a Tariff on an Imported Good

question 180

Multiple Choice

If a country imposes a tariff on an imported good, the tariff ________ the price in the importing country and ________ the quantity of imports.

• A) raises; decreases
• B) raises; increases
• C) raises; does not change
• D) lowers; does not change

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Definitions:

Teambuilding

The process of creating a cohesive and effective team through activities and exercises that enhance communication, trust, and collaboration among members.

Managing Director

A senior executive responsible for the day-to-day management of a company, often equivalent to a Chief Executive Officer (CEO) in some countries.

Future Course

A direction or plan of action intended to be followed in upcoming times, often laid out to achieve specific goals or outcomes.

Management Function

The primary roles and activities undertaken by managers to ensure the efficient and effective running of an organization.