After a Tariff Is Imposed,consumers Must Pay a Price Equal

question 163

Multiple Choice

After a tariff is imposed,consumers must pay a price equal to the

• A) world market price.
• B) domestic equilibrium price when there is no trade.
• C) world market price plus the tariff.
• D) world market price less the tariff.
• E) domestic equilibrium price when there is no trade plus the tariff.

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Definitions:

Electroencephalograph

An instrument used to record the electrical activity of the brain, typically via electrodes placed on the scalp.

Brain-Wave Activity

The patterns of neuronal electrical oscillations in the brain, detectable with techniques such as EEG, and associated with different states of consciousness.

Epilepsy

A neurological disorder marked by sudden recurrent episodes of sensory disturbance, loss of consciousness, or convulsions, associated with abnormal electrical activity in the brain.

Reticular Formation

A system in the midbrain comprising a diffuse collection of neurons involved in stereotyped patterns of behavior such as walking, sleeping, and turning to attend to a sudden noise.