If a Tariff Is Imposed on Imports of Shrimp into the United

question 234

Multiple Choice

If a tariff is imposed on imports of shrimp into the United States,U.S.consumer surplus from shrimp will ________ and U.S.total surplus from shrimp will ________.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease
• E) increase; not change

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Definitions:

ABC Method

A time management approach that categorizes tasks based on their importance, with 'A' being the most critical tasks.

Activate

To start or turn on a process or device, bringing it into action or making it operative.

Accept

To receive willingly something that is offered or to acknowledge an event or situation as true.

Self-Assessment

Recognition of the need to learn new tasks and subjects, relate more effectively with others, set goals, manage time and stress, and create a balanced and productive life.