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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Definitions:

Polygamy

A matrimonial tradition in which a person has multiple spouses at the same time.

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The voluntary abstention from marriage and sexual relations, often for religious or spiritual reasons.

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