If a Nation Imposes a Tariff on an Imported Product

question 119

Multiple Choice

If a nation imposes a tariff on an imported product, then the nation will experience a(n)

• A) decrease in total supply and an increase in the price of the product.
• B) decrease in demand and a decrease in the price of the product.
• C) decrease in supply of, and an increase in demand for, the product.
• D) increase in supply of, and a decrease in demand for, the product.

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Definitions:

Federal EEOC

The U.S. Equal Employment Opportunity Commission, a federal agency that enforces civil rights laws against workplace discrimination.

State EEOC

State level branches of the Equal Employment Opportunity Commission that handle discrimination complaints and issues.

Discriminatory Act

A discriminatory act involves unfair or prejudiced treatment of individuals based on certain characteristics, such as race, age, or gender, which is prohibited under various laws.

Prima Facie Case

A prima facie case is the establishment of a legally required rebuttable presumption, demonstrating enough evidence to support a particular proposition unless disproved by further evidence.