Correct Answer: C. parliamentary system of government

Correct Answer: D. reduces

Correct Answer: C. which produces similar products

Explanation

An industry is a group of manufacturers or businesses that produce a particular kind of goods or services.

Correct Answer: A. high rate of population growth and low rate of economic growth

Correct Answer: A. lron

Explanation

The correct answer is A. Iron.

• Highly reactive metals such as Sodium (Na), Calcium (Ca), and Magnesium (Mg) have a strong affinity for oxygen and chlorine. They cannot be reduced using carbon, so they are extracted by the electrolysis of their molten salts.

• Moderately reactive metals like Iron (Fe) are extracted by chemical reduction using carbon (coke) or carbon monoxide in a blast furnace, rather than by electrolysis.

Correct Answer: D) ?350,000 was the cash overspent

Correct Answer: D. an increase in the entropy of the solution

Correct Answer: B) consumer surplus increases in the domestic market

Explanation

This Economics question is asking which of the given options is not a typical consequence of an import tariff. An import tariff is a tax imposed on imported goods to make them more expensive than domestic goods. The question is asking which option is not a typical effect of imposing such a tax.

Option A states that producer surplus increases in the domestic market. A producer surplus is the difference between the price a producer receives and the cost of production. When an import tariff is imposed, imported goods become more expensive, which makes domestic goods more attractive. Domestic producers can then increase the price of their goods and still sell them. This results in an increase in producer surplus. Import tariffs usually increase producer surplus, so option A is not the correct answer.

Option B states that consumer surplus increases in the domestic market. Consumer surplus is the difference between the highest price a consumer is willing to pay and the actual price paid. When an import tariff is imposed, imported goods become more expensive, which makes domestic goods more attractive. Domestic producers can then increase the price of their goods and still sell them. This results in an increase in consumer prices, which reduces consumer surplus. Import tariffs usually decrease consumer surplus, so option B is the correct answer.

Option C states that deadweight loss is created. Deadweight loss is the loss of efficiency that occurs when the cost of producing a good exceeds the price that consumers are willing to pay. When an import tariff is imposed, the price of imported goods increases, which reduces the quantity demanded. This results in a decrease in economic efficiency, which creates deadweight loss. Import tariffs usually create deadweight loss, so option C is not the correct answer.

Option D states that government revenue is created. When an import tariff is imposed, the government collects revenue from the tax on imported goods. Import tariffs usually create government revenue, so option D is not the correct answer.

In conclusion, the correct answer to this Economics question is Option B: consumer surplus increases in the domestic market. When an import tariff is imposed, it usually decreases consumer surplus, not increase it.

Correct Answer: A. Increase in quantity of goods and services

Correct Answer: A. skeleton