Tariffs Cause Deadweight Loss Because They Move the Price of an Imported

question 203

True/False

Tariffs cause deadweight loss because they move the price of an imported product closer to the equilibrium without trade, thus reducing the gains from trade.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and learning strategies.

Reinforcers

Any events or objects that, when following a response, increase the likelihood of that response occurring again.

Systematic Desensitization

A therapeutic technique used to reduce anxiety by gradually exposing the person to the feared object or situation.