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:

Nonverbal Expression

The communication of thoughts or emotions without using spoken words, through gestures, body language, facial expressions, and postures.

Emotion

A response of the whole organism, involving (1) physiological arousal, (2) expressive behaviors, and (3) consciously experienced thoughts and feelings.

Introverts

Individuals who prefer quiet environments and enjoy spending time alone or with a few close friends, as opposed to extroverts who seek out social interactions.

Extraverts

Individuals characterized by their outgoing, socially confident behavior and preference for external stimulation.