If a Nation Imposes a Tariff on an Imported Product

question 276

Multiple Choice

If a nation imposes a tariff on an imported product, then the nation will experience a(n)

• A) decrease in supply and an increase in the price of the product.
• B) decrease in demand and a decrease in the price of the product.
• C) decrease in supply of, and an increase in demand for, the product.
• D) increase in supply of, and a decrease in demand for, the product.

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Definitions:

Gravitropism

Growth response of roots and stems of plants to the Earth’s gravity; roots demonstrate positive gravitropism, and stems demonstrate negative gravitropism.

Auxin

A class of plant hormones that regulates growth and facilitates various developmental processes, including cell elongation.

Stolons

Horizontal connections between organisms, especially plants, that allow for asexual reproduction and the spread of the organism.

Tissue Culture

A technique of growing cells, tissues, or organs in a controlled environment outside of their natural environment.