Increasing a Tariff Will ________ the Domestic Quantity Consumed of the Good

question 38

Multiple Choice

Increasing a tariff will ________ the domestic quantity consumed of the good, while ________ the domestic production of the good.

• A) increase; increasing
• B) increase; decreasing
• C) decrease; increasing
• D) decrease; decreasing

---

Definitions:

Predict

The ability to foretell or forecast future events based on current data or observations.

Control

The power to influence or regulate people, events, or processes.

Critical Thinking

The process of actively and skillfully conceptualizing, analyzing, synthesizing, and evaluating information to reach an informed conclusion.

Open Mind

A willingness to consider new ideas and perspectives without prejudice.