According to Public Choice Theory, Tariffs, Quotas, and Other Trade

question 119

Multiple Choice

According to public choice theory, 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 special interest groups.
• D) political desire for economic efficiency.

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Definitions:

Role Models

Individuals admired for their behaviors, qualities, or achievements, often serving as examples for others, particularly younger people.

Older Brothers

Male siblings who are born before another child in the family, often playing significant roles in the dynamics and socialization of younger siblings.

Older Sisters

Female siblings who are born before another child in the family, often playing significant roles in the socialization and care of younger siblings.

Collectivist

A person who defines herself or himself in terms of relationships to other people and groups and gives priority to group goals.