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

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Definitions:

Researching Company

The act of gathering information about a business, including its background, products, and financial health, typically for investment, employment, or partnership decisions.

Virtual Interview

An interview conducted using digital tools and platforms, where participants interact remotely via video or audio connections.

Follow-up Messages

Communications sent to maintain contact or provide additional information after an initial message or meeting.

Overbearing

A behavior characterized by excessive assertion of authority or dominance, often leading to discomfort or resentment in others.