If a Tariff Is Placed on a Good,then Imports of the Good

question 91

Multiple Choice

If a tariff is placed on a good,then imports of the good _________,domestic production of the good ________,and domestic consumption of the good _________.

• A) increase;increases;increases
• B) increase;increases;decreases
• C) increase;decreases;decreases
• D) decrease;decreases;decreases
• E) decrease;increases;decreases

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Definitions:

Nominal Pipe Thread

A standard for threading where the pipe diameter is not the exact diameter but follows a standardized naming convention.

National Pipe Thread

A U.S. standard for tapered threads used on threaded pipes and pipe fittings, designed to create a tight seal.

Inside Diameter

The distance across the innermost part of a cylinder or tube, often measured to ensure the correct sizing for fittings or materials passing through.

Cast Iron Pipe

A type of durable pipe made from iron that has been cast in a mold, often used for water or sewage systems.