Which of the Following Would Be Expected If the Tariff

question 62

Multiple Choice

Which of the following would be expected if the tariff on foreign-produced shoes were decreased?

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

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Definitions:

Social Intelligence

The ability to understand and manage interpersonal relationships effectively, read the social environment, and react accordingly.

Henry Mintzberg

A renowned academic and author known for his contributions to business and management theory, especially in the areas of organizational strategy and structure.

Informational

Pertaining to the delivery or relay of information, often aimed at increasing knowledge or awareness on specific topics.

Interpersonal

Relating to interactions and relationships between people.