Which of the Following Statements Concerning Tariffs Is NOT True

question 9

Multiple Choice

Which of the following statements concerning tariffs is NOT true?

• A) A tariff results in a loss for domestic consumers of the good.
• B) A tariff creates revenue for the government.
• C) A tariff decreases international trade.
• D) A tariff leaves the price of imports unchanged.

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Definitions:

Quality of Life

An individual's overall assessment of their well-being, encompassing both emotional and physical health, as well as social and economic status.

Durable Power of Attorney

A legal document that grants a designated person the authority to act on another’s behalf in legal and financial matters, continuing even if the principal becomes incapacitated.

Advanced Directive

A legal document allowing individuals to outline their preferences for medical treatment in the event they cannot make decisions for themselves.

Emphysema

A lung condition characterized by damage to the alveoli (air sacs), leading to breathing difficulties and reduced oxygen exchange.