The Reduction in the Price of the Import Commodity That

question 54

Multiple Choice

The reduction in the price of the import commodity that results when a large nation imposes an import tariff is attributed to the ____________ and constitutes a __________ of welfare for the nation.

• A)consumption effect of the tariff,loss
• B)terms of trade effect of the tariff,loss
• C)protective effect,gain
• D)terms of trade effect,gain

---

Definitions:

Ink Color

The hue or shade of ink, often used as a stimulus in psychological tests to investigate cognitive processes such as attention and memory.

Psychological Research

The scientific investigation of mental processes and behavior through controlled experiments and observation.

Preattentive Process

Cognitive operations that occur below the level of conscious awareness, rapidly processing basic features of the environment.

Motivated Cognition

The influence of desires and preferences on the processing of information and decision making.