When a Country That Imports a Particular Good Imposes a Tariff

question 216

Multiple Choice

When a country that imports a particular good imposes a tariff on that good,

• A)producer surplus increases and total surplus increases in the market for that good.
• B)producer surplus increases and total surplus decreases in the market for that good.
• C)producer surplus decreases and total surplus increases in the market for that good.
• D)producer surplus decreases and total surplus decreases in the market for that good.

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Definitions:

Range Threshold

The minimum and maximum values within which a particular sensory stimulus, action, or phenomenon is perceptible or has an effect.

Receptors

Protein molecules on the surfaces of dendrites and cell bodies that have distinctive shapes and will interact only with specific neurotransmitters.

Activation

in psychology, refers to the arousal level of the central nervous system, influencing alertness and responsiveness to stimuli.

Absolute Thresholds

The smallest intensity of a stimulus that must be present for it to be detected at least half the time by a subject.