A High Tariff on Imported Good X Might Reduce Domestic

question 140

Multiple Choice

A high tariff on imported good X might reduce domestic employment in industry Y if

• A) X is an input used domestically in producing Y.
• B) X and Y are substitute goods.
• C) X is an inferior good.
• D) Y is an inferior good.

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Definitions:

Peach Baskets

Initially used as the first goals in the game of basketball, these containers were nailed to the balconies of gymnasiums, marking the start of this now popular sport.

Mortimer Mouse

A fictional character from the Disney universe, originally conceived as a rival to Mickey Mouse.

Mickey Mouse

An iconic cartoon character created by Walt Disney and Ub Iwerks in 1928, recognized as the mascot of The Walt Disney Company.

Vera Wang

An American fashion designer known for her innovative bridal gown collections and her influence on the wedding dress industry.