Import Tariffs

question 78

Multiple Choice

Import tariffs:

• A) reduce the price of foreign goods.
• B) create efficient utilization of resources.
• C) reduce the overall efficiency of the world economy.
• D) are unambiguously pro-consumer and anti-producer.

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Definitions:

Auscultation

The act of listening to the sounds made by internal organs, particularly the heart and lungs, usually with a stethoscope, as a part of medical diagnosis.

Palpation

The method of examining the body by feeling organs or tissues to assess their size, shape, firmness, or location.

Grimaces

Facial expressions often involving the contortion of the face to indicate pain, disgust, or disapproval.

Inference

The process of drawing conclusions or making logical deductions based on available evidence or premises.