A Tariff Is Imposed on a Good

question 71

Multiple Choice

A tariff is imposed on a good.This ________ the quantity supplied and ________ the quantity demanded in the importing country.

• A)increases;decreases
• B)increases;does not change
• C)increases;increases
• D)decreases;decreases
• E)decreases;increases

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Definitions:

Productivity

In industry, the capability to produce effectively, gauged by how much output is generated per input unit.

Reinforcement

In psychology, a process by which a behavior is strengthened or increased in frequency, often through the application of a reward or the removal of a negative stimulus.

Enforced Commitment

The obligation or dedication imposed by external factors or authorities.

Social Loafing

Individuals often put in less effort when part of a group compared to when they work by themselves.