Which of the Following Statements Concerning Tariffs Is NOT True

question 9

Multiple Choice

Which of the following statements concerning tariffs is NOT true?

• A) A tariff results in a loss for domestic consumers of the good.
• B) A tariff creates revenue for the government.
• C) A tariff decreases international trade.
• D) A tariff leaves the price of imports unchanged.

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Definitions:

Three-step Writing Process

The three-step writing process involves planning, writing, and completing. This process helps in creating effective and efficient written communication.

Steps

Sequential actions or procedures followed to achieve a specific goal or complete a process.

Planning

The process of making detailed proposals or decisions about future actions or activities.

Reduced Rework

Strategies or practices aimed at minimizing the need to redo or correct work, thereby increasing efficiency and productivity.