The Figure Below Shows the Demand (D) and Supply (S)

question 30

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of a good produced domestically in an economy as well as traded in the international market.Figure 21.1
In the figure,
P₁: Price of the good in the international market.P₂: Price of the good in the domestic market after the imposition of tariff by the government.P₃: No-trade price of the good in the domestic market.
-Which of the following countries is forbidden to impose export tariff by its constitution?

• A)The United States
• B)Brazil
• C)The United Kingdom
• D)Japan
• E)Mexico

---

Definitions:

Catharsis Hypothesis

A theory suggesting that experiencing or expressing strong emotions leads to a reduction of those feelings, resulting in psychological relief.

Expressing Anger

The act of communicating or releasing feelings of anger and frustration in a manner that can be constructive or destructive.

Facial Expressions

The movements or positions of the face that convey an individual's emotional state or intentions to others.

Universal

A characteristic or attribute that is common to all members of a particular category or group.