If a Tariff Increases, Everybody Loses Except the Government Imposing

question 24

True/False

If a tariff increases, everybody loses except the government imposing the tariff.

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Definitions:

Strong Punishing Stimulus

A stimulus that significantly decreases the likelihood of a behavior recurring by causing discomfort or distress when the behavior is exhibited.

Punishment

A consequence that reduces the likelihood of the behavior that it follows.

Avoidance

A behavior aimed at preventing the occurrence of an unpleasant stimulus or situation.

Severity

The level of intensity or seriousness of a situation, condition, or disease.