Assume That a Country Imposes a Tariff in Order to Gain

question 124

Multiple Choice

Assume that a country imposes a tariff in order to gain a price advantage on an item.What is the typical response from the exporting country?

• A)It accepts the situation and does nothing about it.
• B)It seeks greater efficiency in order to offset the tariff.
• C)It refuses to sell to the country that imposes the tariff.
• D)It retaliates by imposing tariffs or quotas on items from the other country.

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Definitions:

Primary And Secondary

A classification in research and data collection distinguishing between directly obtained information (primary) and previously collected or indirectly obtained information (secondary).

Data Types

Refers to the classification of data based on its nature and the type of information it represents, such as numerical, textual, or binary.

Primary Data

Data collected directly for the first time for a specific research purpose or project.

Observational Data

Data collected through directly observing subjects in their natural environment without any manipulation by the researcher.