Tariffs and Import Quotas Both Result in

question 113

Multiple Choice

Tariffs and import quotas both result in

• A)lower levels of domestic production.
• B)the domestic government gaining revenue.
• C)lower levels of imports.
• D)higher levels of domestic consumption.
• E)the elimination of deadweight loss.

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Definitions:

Phobic Disorder

A type of anxiety disorder characterized by an excessive and irrational fear of an object, situation, or activity that is typically harmless, leading to avoidance behaviors.

Heights

Varied elevations or tall areas which can induce a fear known as acrophobia in individuals.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Obsession

A persistent, unwanted thought, idea, or image that an individual cannot control, causing significant anxiety or distress.