Which of the Following Is NOT an Effect of an Import

question 180

Multiple Choice

Which of the following is NOT an effect of an import tariff?

• A) It increases producer surplus by raising the market price and allowing more production.
• B) It raises government revenue.
• C) It reduces consumer surplus by raising the market price.
• D) It improves efficiency in the economy overall because it saves high-paying jobs.

Recognize the evolutionary aspects of marriage and family structures as discussed by Engels.

Analyze the importance of observational methods in researching family interactions.

Understand normative ethics and its purpose in society.

Describe and critique the basic arguments of ethical relativism and moral absolutism.

---

Definitions:

Variable Manufacturing Overhead

Costs that vary in total in direct proportion to changes in the volume of production, such as indirect materials and utility costs directly tied to production.

Raw Materials

The basic materials from which a product is made, prior to any processing or manufacturing.

Price Variance

The difference between the actual price paid for something and its standard or expected price.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours allowed for the work done, multiplied by the standard labor rate.