Quotas and Tariffs Can

question 71

Multiple Choice

Quotas and tariffs can:

• A) have the same effect on the price of a domestically produced good if they are set appropriately.
• B) never have the same effect on imports and import prices.
• C) both increase international trade by the same amount if set appropriately.
• D) yield the same amount of tax revenue if they are set appropriately.

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Definitions:

Guilt Appeal

A marketing strategy that attempts to motivate consumers to take action by invoking feelings of guilt over social, environmental, or personal issues.

Fear Appeal

A persuasive communication technique that utilizes fear to motivate the audience towards a specific behavior by highlighting potential negative outcomes.

Advertising Messages

The core content or information conveyed in promotional materials to inform, persuade, or remind customers about products or services.

Informational

Related to informative content or data that is provided or shared to increase knowledge or understanding.