Which of the Following Would Likely Be a Result of a Tariff

question 55

Multiple Choice

Which of the following would likely be a result of a tariff on a particular good?

• A)It results in greater revenues to foreign producers.
• B)It increases the price of the good to domestic consumers.
• C)It redistributes income from domestic producers to domestic consumers.
• D)It results in lower sales and revenues to domestic producers.
• E)It increases the quantity of the good demanded.

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Definitions:

Downward Comparison

A social comparison strategy where individuals compare themselves to others who are less well off in order to feel better about their own situation.

Coping Strategy

A coping strategy is a method or technique that an individual uses to manage and navigate stressful situations, challenges, or emotional conflicts.

Resilience

The capacity to recover quickly from difficulties; toughness or the ability to bounce back from adverse events.

Coronary Heart Disease

A disease characterized by the narrowing or blockage of the coronary arteries, usually due to atherosclerosis, which can lead to heart attacks.