If Protective Import-Restricting Tariff Are Imposed by a Country, in the Majority

question 44

Multiple Choice

If protective import-restricting tariff are imposed by a country, in the majority of cases that nation's consumers end up

• A) paying a lower price and consuming more of the good than they otherwise would.
• B) paying a lower price and consuming less of the good than they otherwise would.
• C) paying a higher price and consuming less of the good than they otherwise would.
• D) paying a higher price and consuming more of the good than they otherwise would.

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Definitions:

Dependent

Reliant on something else for support, sustenance, or supply.

Explanation

The act of making something clear or understandable by providing information or reasons.

Argument

A set of statements structured to support a conclusion through reasoning.

Earth Spinning

The rotation of the Earth on its axis, causing the cycle of day and night.