What Is the Effect of a Tariff on a Product

question 11

Multiple Choice

What is the effect of a tariff on a product

• A)It makes domestic sellers better off and domestic buyers worse off.
• B)It makes domestic sellers worse off and domestic buyers worse off.
• C)It makes domestic sellers better off and domestic buyers better off.
• D)It makes domestic sellers worse off and domestic buyers better off.

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Definitions:

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, often leading to a range of physical, psychological, and social problems.

Drug Addiction

A chronic disease characterized by compulsive, or uncontrollable, drug seeking and use despite harmful consequences and changes in the brain, which can be long-lasting.

Physiological Effects

Changes in the body's normal functions that result from disease, substances, or psychological states.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.