A Tariff Is Imposed on a Good

question 53

Multiple Choice

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

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

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Definitions:

Discursive Consciousness

The capability to engage in and apply reasoning about actions and social conditions through the use of language and communication.

Actions

The process of doing something in order to achieve a purpose, often associated with human behavior or interventions.

Practical Consciousness

Refers to the tacit knowledge and unarticulated beliefs that individuals use in their daily lives without formal reasoning.

Actions

Behaviors taken by individuals or groups influenced by intentions, motivations, and societal norms.