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.

---

Definitions:

Two-tailed

A type of statistical test that considers both ends of the distribution for checking the significance of the test hypothesis.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, proposing that there is a significant difference or relationship.

Sampling Distribution

The distribution of a statistic, like the mean or proportion, derived from a large number of samples of a specific size drawn from a specific population.

Mean

The average of a set of numbers, calculated by adding them up and dividing by the count of numbers.