Import Quotas and Tariffs Both

question 134

Multiple Choice

Import quotas and tariffs both

• A)decrease deadweight loss.
• B)cause a loss of revenue to domestic producers.
• C)lower prices on imported goods.
• D)decrease producer surplus.
• E)restrict foreign trade.

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Definitions:

Gender Categorization

The classification of individuals, typically as male or female, based on a combination of biological, social, and cultural cues.

Scapegoat Theory

A concept suggesting that individuals or groups blame their own failures or shortcomings on another person or group.

Other-race Effect

The tendency to more easily recognize faces of the race that one is most familiar with, which can lead to difficulties in cross-racial identification.

Gender Preference

An individual's inclination or favoritism towards a specific gender, which can influence interpersonal attraction, friendships, and other social dynamics.