After a Tariff Is Imposed on a Good,the Price of the Good

question 106

Multiple Choice

After a tariff is imposed on a good,the price of the good

• A)rises.
• B)falls.
• C)might rise,fall or not change depending on whether the government did or did not simultaneously impose a quota.
• D)does not change.
• E)rises only if the domestic demand for the good does not change.

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Definitions:

Incremental

Refers to a process of adding or making changes in a series of small, gradual steps.

Entity

Something that exists as a particular and discrete unit, often used in discussions of both physical objects and abstract concepts.

Theories About Intelligence

Various conceptual models proposed to explain the nature, components, development, and measurements of human intelligence.

Neural Processing

The method by which the nervous system receives, interprets, and responds to internal and external stimuli through the activity of neurons.