If Australia Imposes a Tariff on Foreign Chocolate, How Are

question 4

Multiple Choice

If Australia imposes a tariff on foreign chocolate, how are foreign producers of chocolate affected?

• A) The tariff has no effect on foreign producers because Australian consumers must pay the higher price.
• B) They earn more profit because their chocolate sells for a higher price.
• C) They export less to Australia.
• D) Their supply increases because they have to pay the tariff.
• E) Their supply is unaffected because the quota must be met by Australian producers.

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Definitions:

Cache Memory

A type of fast, temporary storage in computing devices designed to speed up the retrieval of data by storing copies of frequently accessed information.

Registers

In computing, small, fast storage locations within the CPU that hold data to be processed, instructions for the processor, or the address of the next instruction.

RAM

Random Access Memory, a type of computer memory that is used to store the data and code currently being used by the processor.

Hardware Decisions

The process of choosing the specific physical components and technology for a computer or network system.