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

question 267

Multiple Choice

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

• A) paying a higher price for the good than they otherwise would.
• B) paying a lower price for the good than they otherwise would.
• C) consuming more of the good than they otherwise would.
• D) having a higher standard of living than they otherwise would.

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Definitions:

Periderm

A protective outer layer of tissue in plants, including the cork, which replaces the epidermis in roots and stems of woody plants.

Partly Decayed

Refers to a state of partial decomposition, typically of organic matter, resulting from the action of bacteria and fungi.

Organic Portion

The component of a substance or material that is derived from living organisms and contains carbon.

Pneumatophores

Specialized aerial roots typically found in mangrove species that allow gas exchange in waterlogged conditions.