Suppose Iran Imposes a Tariff on Lumber

question 227

Multiple Choice

Suppose Iran imposes a tariff on lumber.For the tariff to have any effect,it must be the case that

• A)Iran is an exporter of lumber.
• B)the domestic quantity of lumber supplied exceeds the domestic quantity of lumber demanded at the world price without the tariff.
• C)the world price without the tariff is less than the price of lumber without trade.
• D)the world price without the tariff is greater than the price of lumber without trade.

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Definitions:

Second Messenger

Intracellular signaling molecules released by the cell to trigger physiological changes in response to external signals.

Hormone Mechanism

The method by which hormones act to regulate various bodily functions, involving synthesis, secretion, and cellular interaction.

cAMP

Cyclic Adenosine Monophosphate, a second messenger important in many biological processes, including the transduction of hormonal signals and the regulation of metabolism.

G Protein

A family of proteins that act as molecular switches inside cells, involved in transmitting signals from a variety of stimuli outside a cell to its interior.