A Tariff Increases the Quantity of Imports and Moves the Market

question 79

True/False

A tariff increases the quantity of imports and moves the market farther from its equilibrium without trade.

---

Definitions:

Dimensions

The measurements of size or extent of something, including length, width, height, or depth.

Percent

A way of expressing one amount as a fraction of 100, utilized to denote change or comparison between quantities.

Decimal

A number expressed using a decimal system, which includes a point to separate the integer part from the fractional part (e.g., 3.14).

Consecutive Odd Integers

Integers that follow one after another in order and are odd, each differing by two from the next (e.g., 1, 3, 5, ...).