Which of the Following Would Be Expected If the Tariff

question 155

Multiple Choice

Which of the following would be expected if the tariff on foreign-produced automobiles were increased?

• A) The domestic price of automobiles would fall.
• B) The supply of foreign automobiles to the domestic market would decline, causing auto prices to rise.
• C) The number of unemployed workers in the domestic automobile industry would rise.
• D) The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.

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Definitions:

Tropics

The region of the Earth centered on the equator and between the Tropic of Cancer in the north and the Tropic of Capricorn in the south, characterized by a warm climate year-round.

Adapted Through Culture

The process by which human groups adjust and change their cultural practices in response to environmental, social, or technological challenges.

Genus Homo

The biological genus to which humans belong, characterized by higher cognitive and social abilities compared to other primates.

Genetic Polymorphism

The occurrence of two or more genetically determined variants within a population, contributing to its genetic diversity.