Compare the Effects on World Prices for an Export Tariff

question 44

Multiple Choice

Compare the effects on world prices for an export tariff in
A small country with an export tariff in a large country.

• A)An export tariff in a small country and an export tariff in a large country both increase the world price by the
• Amount of the tariff.
• B)An export tariff in a small country does not change the world price, while an export tariff in a large country
• Increases the world price.
• C)An export tariff in a small country increases the world price, while an export tariff in a large country has no effect
• On the world price.
• D)Neither an export tariff in a small country nor an export tariff in a large country has any effect on the world price.

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Definitions:

Cued Recall

A memory retrieval process in which prompts or hints are given to stimulate recall.

Source Amnesia

A type of amnesia where an individual can remember certain information but is unable to recall where, when, or how they obtained that information.

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of the previous experiences influencing our actions.

Implicit

Something implied or understood though not directly expressed; underlying or existing in a latent or unexpressed form.