Which of the Following Raises Domestic Prices Only When Demand

question 8

Multiple Choice

Which of the following raises domestic prices only when demand is relatively low?

• A) Domestic subsidies
• B) Lump sum tariff
• C) Excise tariff
• D) Lump sum tariff and excise tariff

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Definitions:

Physiological Needs

Basic physical requirements for human survival, such as food, water, and shelter, which are fundamental for the hierarchy of needs.

Esteem Needs

Psychological requirements for respect, self-esteem, recognition, and a sense of achievement, as part of Maslow's hierarchy of needs.

Affiliation Needs

A psychological concept referring to an individual's need to build relationships and feel connected to others.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, regarded as a drive or need present in everyone.