When a Tariff or Quota on a Product Is Removed

question 174

Multiple Choice

When a tariff or quota on a product is removed, the action:

• A)benefits producers in the protected industries.
• B)benefits consumers of the product.
• C)benefits the government.
• D)hurts nations exporting the product.

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Definitions:

Dichotomous Traits

Characteristics or qualities that can be divided into two distinctly opposite categories or states, with no intermediate stages.

Adaptive Behaviour

A person's ability to adjust to new situations, meet social standards, and maintain daily living skills.

Evolutionary Theory

A theory explaining the process by which different kinds of living organisms developed and diversified from earlier forms during the history of earth.

Genetic Drift

A mechanism of evolution in which allele frequencies of a population change over generations due to random sampling effects.