Use the following to answer questions:
Figure: Foreign Trade with a Tariff 
-(Figure: Foreign Trade with a Tariff) Refer to the figure. A $1 tariff results in:
Definitions:
Henry Ford
An American industrialist and founder of the Ford Motor Company, who revolutionized factory production with his assembly-line methods.
Wage-Price Flexibility
The ability of wages and prices to adjust freely in response to changes in supply and demand in the labor and goods markets.
Say's Law
An economic theory that proposes supply creates its own demand, suggesting that producing goods and services will in turn generate sufficient demand for those goods and services.
Paradox Of Thrift
An economic theory suggesting that personal savings can be detrimental to overall economic growth if everyone saves more and spends less, leading to decreased aggregate demand.
Q1: There is a(n) _% decrease in the
Q21: When the government increases tariffs:<br>A) production switches
Q21: In 1974, there were _ airline firms
Q27: Which of the following can be a
Q33: How can sellers increase profits when they
Q55: Why does economic growth require job destruction?<br>A)
Q66: The possibility of having a baby with
Q172: Although a minimum wage increases unemployment, it
Q224: Under a policy of rent control, the
Q286: Ancient Athens had strict controls on the