In a Large Nation,who Bears the Burden of the Import

question 26

Multiple Choice

In a large nation,who bears the burden of the import tariff?

• A)domestic import-competing producers
• B)foreign producers of the imported good
• C)domestic consumers only
• D)domestic consumers and foreign producers of the imported good

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Definitions:

Outgroup

A social group to which an individual does not identify or belong, often viewed with prejudice or discrimination by members of the ingroup.

Above Average

Describes a level of performance, capability, or measurement that exceeds the normal or expected standard.

Roots of Prejudice

Foundational aspects or underlying causes that lead to prejudiced attitudes and discriminatory behavior towards others.

Overestimate Similarity

The tendency to think that different elements or situations are more alike than they actually are.