The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 10

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following is true of a tariff?

• A)It is a tax levied by the government on domestic production of goods and services.
• B)It is a quantitative restriction on imports imposed by the government.
• C)It is a monetary benefit received by exporters from the government.
• D)It is a monetary benefit received by importers from the government.
• E)It is a tax on import and export levied by the government.

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Definitions:

Proposition

A statement or assertion that expresses a judgment or opinion.

Prototype

An original model on which something is patterned or based.

Mental Image

A representation of sensory information or experiences in one's mind, which does not currently exist in the physical world.

Algorithmic

Pertaining to or using a step-by-step procedure or formula for solving a problem or completing a task.