Tariffs and Import Quotas Both Result in

question 32

Multiple Choice

Tariffs and import quotas both result in

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

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Definitions:

Hard Work

Exerting substantial effort or diligence in tasks or responsibilities to achieve success and desired outcomes.

Self-fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.

Motivational Theory

A concept or model that explains what motivates human behavior, often guiding strategies to increase motivation.

Maintenance Factors

In Herzberg's two-factor theory, aspects of the work environment that are necessary to prevent dissatisfaction but do not necessarily motivate employees.