A Tariff Is Most Likely to _______ Prices and _______

question 166

Multiple Choice

A tariff is most likely to _______ prices and _______ consumption of the good or service being protected.

• A) lower; increase
• B) increase; decrease
• C) have no effect on; not change
• D) lower; lower

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Definitions:

African-Americans

Individuals of African descent living in the United States, historically subjected to slavery and discrimination, and have since been integral in shaping American culture and society.

Institution of Slavery

A system in which individuals are legally owned by others as property, forced to work without pay under threat of violence or coercion.

Skilled Jobs

Positions that require specialized knowledge, training, and experience, typically involving craftsmanship, professions, or technical expertise.

Diplomacy

The practice of managing international relations through negotiations and dialogue between countries.