As a Result of a Tariff on an Imported Good

question 28

Multiple Choice

As a result of a tariff on an imported good,

• A) domestic producers are better off because they sell more goods at the same price.
• B) domestic producers are better off because they sell more goods at a higher price.
• C) domestic producers are better off because they sell the same quantity of goods at a higher price.
• D) domestic consumers are better off because there are more domestically produced goods available.
• E) domestic consumers are neither better off nor worse off because imports do not change.

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Definitions:

Hours

Units of time equivalent to 60 minutes, used to measure the duration of events or the length of the day.

Readiness Potential

A measure of brain activity indicating the pre-motor buildup of neural processes preceding voluntary muscle movements.

Brain Activity

The functioning or operation of the brain, measured by various physiological or neuroimaging techniques.

Decision to Move

The cognitive process involved in choosing to perform a physical action or change position.