A Voluntary Export Restraint Will ________ Producer Surplus, ________ Consumer

question 25

Multiple Choice

A voluntary export restraint will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare.

• A) increase; decrease; increase; have an ambiguous effect on
• B) increase; decrease; decrease; decrease
• C) increase; decrease; have no effect on; have an ambiguous effect on
• D) increase; decrease; have no effect on; decrease
• E) increase; increase; decrease; have an ambiguous effect on

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Definitions:

Social Cohesion

The bonds or "glue" that bring people together in society, fostering a sense of belonging and mutual support.

Presumed Competence

The assumption that an individual is capable and knowledgeable in a certain area without needing explicit evidence.

Primary Group

A group with strong emotional ties and bonds that endure over time. This type of group tends to be more informal and intimate than other groups that individuals belong to. See also Secondary group.

Secondary Group

A group that is formal and impersonal, often organized around instrumental goals. See also Primary group.