A Tariff Is Imposed on a Good

question 40

Multiple Choice

A tariff is imposed on a good.This ________ producer surplus and ________ total surplus in importing country.

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

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Definitions:

Environmental Forces

External parameters that influence how an organization operates, including economic, political, regulatory, technological, and social factors.

Product Information

Details and specifics about goods or services offered by a business, including features, advantages, and usage.

Authentic Leader

Refers to someone who leads with genuineness, transparency, and integrity.

Organizational Politics

The complex processes, actions, and tactics individuals use to acquire power and achieve personal goals within a workplace.