Quotas Are Often Favored Over Tariffs as Import Restrictions Because

question 58

Multiple Choice

Quotas are often favored over tariffs as import restrictions because:
I.They are more flexible tools for regulating imports.
II.It is easier for government policy makers to assess the potential impact of a quota.

• A) I only.
• B) II only.
• C) Both I and II.
• D) Neither I nor II.

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Definitions:

Hypothesis

A proposed explanation for a phenomenon, based on limited evidence as a starting point for further investigation.

Test Validity

The extent to which a test measures what it is intended to measure and the accuracy of the test results.

Kinds of Validity

The extent to which a test or instrument measures what it is supposed to measure, including content, criterion, and construct validity.

Contrast Examples

The use of opposing or differing instances to illustrate a point, highlight differences, or clarify a concept.