Which of the Following Is Likely to Happen If the Government

question 142

Multiple Choice

Which of the following is likely to happen if the government imposes a tariff on the imports of a good?

• A) Domestic producers will face higher foreign competition.
• B) The revenue earned by the government will decrease.
• C) The domestic industry will earn higher profits.
• D) Domestic consumers will be better off.

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A process in which information about the past or the present influences the same phenomenon in the present or future.

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