If a Country Imposes a Tariff on an Imported Good

question 180

Multiple Choice

If a country imposes a tariff on an imported good, the tariff ________ the price in the importing country and ________ the quantity of imports.

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

---

Definitions:

Distribution Chain

The sequence of intermediaries an product or service passes through from manufacturer to final consumer, including wholesalers, distributors, and retailers.

Jiffy Lube

An American brand of automotive oil change specialty shops that also offer a variety of maintenance services.

Buyer Requirement

The specific conditions or criteria that purchasers or markets demand from products or services.

Engine Oil

A lubricant used in internal combustion engines to reduce wear on moving parts, clean the engine from sludge, and cool the engine by carrying heat away from moving parts.