A Tariff on a Particular Good Does Which of the Following

question 15

Multiple Choice

A tariff on a particular good does which of the following?

• A)​It increases the net-of-tariff price received by foreign producers.
• B)​It increases the price of the good to domestic consumers.
• C)​It redistributes income away from domestic producers toward domestic consumers.
• D)​none of the above

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Definitions:

Electric Shock

A sudden discharge of electricity through a part of the body, causing a sharp sensation.

Ingratiation

A social influence strategy where an individual tries to make themselves more likable or attractive to another, often through flattery or other forms of appeal.

Reciprocity

The practice of exchanging things with others for mutual benefit, especially privileges granted by one country or organization to another.

Ethical Guidelines

Principles designed to guide behavior and decision-making in a moral and responsible way.