Other Things Equal, a Tariff Is

question 80

Multiple Choice

Other things equal, a tariff is:

• A)superior to an import quota for Canadians because a tariff increases the profits of foreign producers.
• B)inferior to an import quota for Canadians because a tariff increases the profits of domestic producers.
• C)superior to an import quota for Canadians because a tariff generates revenue for the federal government.
• D)inferior to an import quota for Canadians because a tariff generates revenue for the federal government.

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Definitions:

Moderately Liberal

Holding political or social views that are open to reform and progress, but not to an extreme level; supporting moderate changes within the framework of the existing system.

Primed In Memory

Refers to the process of activating particular representations or associations in memory just before carrying out an action or task.

Meta-Cognition

Reflecting on one’s own thought processes.

Contamination

Contamination refers to the presence of undesired substances in or on a material, surface, or environment that can cause harm or damage.