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:

Civil Lawsuits

Legal disputes between individuals or entities over rights, obligations, or damages that do not involve criminal charges.

Res Ipsa Loquitur

Res ipsa loquitur is a legal doctrine that allows a presumption of negligence to be established based on the mere occurrence of certain types of accidents, without the need for direct evidence of a defendant's behavior.

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation, thereby causing harm to a person that the statute was designed to protect.

Assumption of Risk

A legal doctrine stating that an individual knowingly and voluntarily assumes the risk of an activity, thereby relieving another party from liability for harm caused during the activity.