Public Choice Theory Indicates That Tariffs, Quotas, and Other Trade

question 21

Multiple Choice

Public choice theory indicates that tariffs, quotas, and other trade restrictions are primarily the result of the

• A) political clout of foreigners.
• B) political clout of domestic consumers.
• C) political power of the special interest groups.
• D) attractiveness of sound economic policies to elected political officials.

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Definitions:

Cognitive-Behaviorist

A cognitive-behaviorist is a mental health professional who applies principles of cognitive-behavioral therapy (CBT) to help individuals modify dysfunctional thoughts and behaviors to improve emotional regulation and develop personal coping strategies.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed. It is thought to be one of the underlying causes of depression.

Social Rewards

Benefits or positive feedback received from others in a social setting, which can include praise, acceptance, or support.

Symbolic Loss

Indicates a loss that represents a deeper, often unconscious, sense of loss or absence, such as the loss of youth, dreams, or ideals.