Politicians Often Argue for Tariff Increases in Order to Reduce

question 75

Multiple Choice

Politicians often argue for tariff increases in order to reduce the size of a balance of trade deficit.If tariffs are increased,what is the long-run effect most likely to be?

• A)a decrease in Canadian imports and an increase in Canadian exports
• B)an increase in both Canadian imports and exports
• C)an increase in Canadian imports and a decrease in Canadian exports
• D)a decrease in both Canadian imports and exports

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Definitions:

Commission Only

A payment model where compensation is based solely on the amount of sales or transactions generated, with no base salary.

Additional Commission

Extra earnings given to employees or salespersons on top of their standard commission, often based on reaching a specific target or sales goal.

Monthly Salary

Regular payment received by an employee from their employer for work performed, calculated on a monthly basis.

Commission

A commission refers to a fee paid to an agent or employee for facilitating a sale or completing a service, often calculated as a percentage of the sale price.