Tariffs May Be Set to

question 33

Multiple Choice

Tariffs may be set to

• A) encourage local input.
• B) decrease the import costs.
• C) stimulate imports.
• D) decrease consumer costs, lower price, and increase market share.

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Definitions:

Tech-Savvy

Individuals who possess an advanced understanding and proficiency with technology and digital devices.

Millennials

A generation of people born between 1981 and 1996, known for being digital natives and value-driven consumers.

Generation Z

The demographic cohort following Millennials, typically defined as individuals born from the mid-1990s to the early 2010s, characterized by its comfort with digital technologies and social media.

Exchange Rate

The value of one currency for the purpose of conversion to another.