Which of the Following Is Not a Short-Run Impact of Increasing

question 111

Multiple Choice

Which of the following is not a short-run impact of increasing tariffs on the American industries they seek to protect?

• A)​government tax revenues increase
• B)​domestic production and sales by the protected industries increase
• C)​consumers' real incomes decrease
• D)​total domestic and foreign sales of those products in the United States increase

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Definitions:

Goodwill

The intangible asset that allows businesses to earn a higher return than a comparable business with the same tangible assets might generate.

Price Setting

The process of determining the selling price of a product or service, based on costs, market demand, competition, and profitability goals.

Primary Considerations

The most important factors or criteria to be taken into account in a decision-making process.

Promotional Mix

The promotional mix is the combination of marketing communication tools and strategies a company uses to promote its brand or products, including advertising, sales promotion, public relations, personal selling, and direct marketing.