A Tariff on a Product

question 71

Multiple Choice

A tariff on a product

• A)is a direct quantitative restriction on the amount of a good that can be imported.
• B)increases the domestic quantity supplied.
• C)increases domestic consumer surplus.
• D)All of the above are correct.

---

Definitions:

Vacancy Model

A theoretical framework used to describe the dynamics of job vacancies within a labor market, including rates of job creation and job filling.

Mass Customizing

A manufacturing and marketing technique that combines the flexibility of personalization with the low unit costs associated with mass production.

Employment Experience

The cumulative knowledge, skills, and understanding that an individual gains through participating in the workforce.

HR Supply

The availability of human resource talent that an organization can draw upon to meet its needs.