According to the Optimum Tariff Theory, a Foreign Producer Will

question 79

Multiple Choice

According to the optimum tariff theory, a foreign producer will most likely ________.

• A)ship highly taxed goods internationally on a per-unit basis
• B)lower its export prices if the importing country imposes an import tax on its products
• C)assess a tax on goods shipped internationally based on a percentage of the goods' value
• D)seek import tariffs by using the comparable access argument

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Definitions:

Median

The middle value in a list of numbers sorted in ascending or descending order, or the mean of the two middle numbers if the list has an even number of values.

Middle Value

Also known as the median, it is the value separating the higher half from the lower half of a data sample, array, or distribution.

Mode

The value that appears most frequently in a data set, representing the most common or popular response in a collection of data.

Frequently Occurring

Happening or appearing in a pattern that repeats often within a given time frame.